The Duke and Duchess of Sussex will no longer use their HRH titles and won’t receive taxpayer funds for royal duties.
An amount of £2.4m (approx R45m) of taxpayer’s money that was spent on renovating Prince Harry and his wife’s home in Berkshire will also be repaid.
In the statement released Saturday evening, it said: “The Duke and Duchess of Sussex are grateful to Her Majesty and the Royal Family for their ongoing support as they embark on the next chapter of their lives.
“As agreed in this new arrangement, they understand that they are required to step back from Royal duties, including official military appointments. They will no longer receive public funds for Royal duties.
“With The Queen’s blessing, the Sussexes will continue to maintain their private patronages and associations. While they can no longer formally represent The Queen, the Sussexes have made clear that everything they do will continue to uphold the values of Her Majesty.
“The Sussexes will not use their HRH titles as they are no longer working members of the Royal Family.
“The Duke and Duchess of Sussex have shared their wish to repay Sovereign Grant expenditure for the refurbishment of Frogmore Cottage, which will remain their UK family home.
“This new model will take effect in the Spring of 2020.”
A statement was also issued by the Queen: “Following many months of conversations and more recent discussions, I am pleased that together we have found a constructive and supportive way forward for my grandson and his family.
“Harry, Meghan and Archie will always be much loved members of my family.
“It is my whole family’s hope that today’s agreement allows them to start building a happy and peaceful new life.”