No no no.
For Non-UK Revolut customers, in the event of a no-deal, we will begin the process of transferring you to our European authorised subsidiary.
When asked about what that means exaclty (if it’s the Lithuanian revolut, which holds the EU license or something else, they refused to reply. There are people who asked and got only “we are sorry, we cannot provide that information” on a simple question: revolut LT or something else?
subsidiary is not the same with entity. An EU entity would act almost the same as the main one (For example, AirAsia. AirAsia Malaysia, Indonesia, Philippines they’re different entities but interconnected.
A subsidiary can be another, different business with different plans (e.g. Lufthansa and Germanwings)