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| Message from BHC on UK Banks https://mail.paphospeople.com/ppforum/viewtopic.php?f=2&t=35268 |
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| Author: | M.A.D [ Wed Sep 23, 2020 6:29 pm ] |
| Post subject: | Message from BHC on UK Banks |
Message from The British High Commission Dear Friends, We shared a post on our Facebook page yesterday regarding UK banks’ decision to close accounts belonging to EU/EEA residents: https://www.facebook.com/204010523005302/posts/4444548365618142/?extid=C86CfIpy64GDufh5&d=n For those that don’t use Facebook: Some of our UK nationals in Cyprus may have seen recent media coverage about some UK banks’ decision to close accounts belonging to EU/EEA residents, and we wanted to share the latest information. Whether UK banks can service EEA-based customers after the end of the UK Transition Period is a matter of local law and regulation in each country, and may be impacted by how firms are set up and what steps they have taken to continue to serve customers. We expect UK banks to comply with the law at all times. If you are affected, your provider will contact you directly. As we are unable to provide any financial advice, you should contact your bank or an independent financial adviser if you have any questions. More information is available from the UK Financial Conduct Authority here: https://www.fca.org.uk/consumers/how-brexit-could-affect-you If you could share this in your network it would be appreciated. |
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