8 October 2019
Re “Brexit” and the negotiations between the UK and the European Union on the terms on which the UK will leave the EU
The current Brexit deadline is the 31 October 2019 and it remains unclear whether or not a “deal” will be agreed by that point. If the UK and the EU do agree terms, we do not anticipate any immediate impact on our business relationship with you.
A no deal Brexit scenario will not affect or restrict your ability to reach out to Alpha Bank London Limited directly at any time in respect of any banking and investment services which we provide. We will be able to continue to provide all other existing services to you. Therefore, in the event of a no deal Brexit, and where you wish to discuss any matters regarding your investments in the UK, or require us to execute transactions on your behalf, please contact your relationship manager at Alpha Bank London Limited directly and we will attend to your requirements.
If a no deal Brexit does become reality, we would like to clarify that Alpha Bank A.E. will still be able to accept and process orders or refer you to receive investment services provided by Alpha Bank London Limited, as is currently the case.
In any case, whether there is a deal or there is no deal Brexit, Alpha Bank London Limited continues to be authorised and regulated in the UK by the Prudential Regulation Authority and the Financial Conduct Authority. Your deposits will continue to be protected by the UK Financial Services Compensation Scheme (FSCS) up to £85,000 per person (please see attached information sheet). For more information on the scheme, including amounts covered and eligibility to claim, you can also refer to the FSCS website (www.FSCS.org.uk) or call 0044 7741 4100 or 0800 678 1100.
If you have any questions please do not hesitate to contact us.