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Financial Services Sector: End of Transition Period Guidance

Information for the financial services sector and consumers on the end of the transition period.

From:
HM Treasury
Published
5 November 2020
Last updated
4 January 2021 — See all updates

The UK has left the EU, and the transition period ended on 31 December 2020. For businesses and consumers in the financial services sector, there may have been changes on or before 1 January 2021. This page brings together guidance for the end of the transition period from HM Treasury, the Financial Conduct Authority (FCA), the Bank of England (Bank), the Prudential Regulation Authority (PRA) and the Foreign, Commonwealth & Development Office (FDCO) for consumers and businesses.

Financial services providers should contact customers if they are affected. If individual customers have concerns about whether their products might be affected, they should contact their provider.

Financial services providers should continue to follow guidance from the FCA, Bank and PRA about how to prepare for the end of the transition period. Providers should speak to the relevant authority if they have any questions.

Information for both consumers and financial services providers is provided in the links below. For information on other sectors and actions you may need to take, use the Transition self-checker.

Information for consumers

Information for financial services providers

Updates to this page

Published 5 November 2020
Last updated 4 January 2021 + show all updates

  1. Removed the link to PRA page 'Authorisation of EEA banks & Insurers. Added a link to Key Regulatory communications in December 2020'. Changed some of the tense from present to past.

  2. First published.

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