The bank will now transition from a branch of Estonian AS LHV Pank to a fully authorised UK bank regulated by both the PRA and FCA.
The decision to pursue a UK banking licence was made in 2021, and LHV submitted its application in March 2022.
LHV UK Limited will shortly submit an application to change its name to LHV Bank.
https://www.financialreporter.co.uk/lhv-uk-secures-banking-licence-from-the-pra.html