In view of the uncertainty generated by Brexit, we would like to inform you that Banco Sabadell Group provides services in the United Kingdom through a Sabadell Spain operational branch and its subsidiary, TSB, which is a domestic British bank.
In order to be prepared for any situation, Banco Sabadell has requested authorisation from the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) in the United Kingdom for the branch to operate, if necessary, as a local third country branch, and to guarantee that customers in the United Kingdom will be able to continue operating as usual and receiving the same services that they receive today. TSB would not be required to take any further action in order to continue operating as a domestic bank.
For this reason, our customers do not need to take any action. We will keep you up to date with any news in relation to these events.