Please see below for a positive update for accepting extensions to driving licence expiry dates for Know Your Customer (KYC) purposes.
As a result of new EU legislation, drivers who have a photo card driving licence due to expire between 1 February 2020 and 31 August 2020 have been granted a seven month extension from the date of expiry by the DVLA..
So, for example, a photo card driving licence with an expiry date of 31 May 2020 will now automatically be valid until 31 December 2020.
What does this mean for KYC?
For the purposes of KYC, you can accept a photo card driving licence that expires between 1 February 2020 and 31 August 2020 for up to seven months after the stated expiry date.
Don’t forget – you can now attest if you are unable to receive signed declarations or original KYC documents
As a reminder, please remember we have recently introduced a new attestation form that you can complete and submit with your clients’ application, removing the need to attain client signatures on our standard declarations, and accepting the provision of electronic documentation for KYC purposes for certain application types.
You can locate the new attestation form by searching General Declaration or Know Your Customer within the knowledge section of the Barclays Intermediary HUB.