Queen Elizabeth II said on Monday that she has agreed to a “period of transition” for Prince Harry and Meghan MarkleMeghan MarklePrince Harry blames 'powerful' media for stepping away from royals Harry and Meghan to give up royal titles, no longer receive money from royal family Poll: Most Canadian taxpayers don't want to pay for Prince Harry and Meghan Markle's security costs MORE, in which the couple will be able to split their time between Canada and the U.K. after they announced their decision last week to step back from their roles as full-time members of the royal family. 

“Today my family had very constructive discussions on the future of my grandson and his family,” the British monarch said in a statement. “My family and I are entirely supportive of Harry and Meghan’s desire to create a new life as a young family.”

“Although we would have preferred them to remain full-time working Members of the Royal Family, we respect and understand their wish to live a more independent life as a family while remaining a valued part of my family,” she continued.

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“Harry and Meghan have made clear that they do not want to be reliant on public funds in their new lives,” the queen added. “It has therefore been agreed that there will be a period of transition in which the Sussexes will spend time in Canada and the UK.”

Queen Elizabeth said there is more work to be done in figuring out how to resolve the “complex matters” for her family, but added that she has asked “for final decisions to be reached in the coming days.” 

Prince Harry and the duchess of Sussex made headlines around the world last week after they announced plans to step back from their roles as senior members of the royal family and work to become financially independent. 

The royal couple said then that they plan to balance their “time between the United Kingdom and North America," but added they would continue “to honor our duty to The Queen, the Commonwealth, and our patronages.” 

“This geographic balance will enable us to raise our son with an appreciation for the royal tradition into which he was born, while also providing our family with the space to focus on the next chapter, including the launch of our new charitable entity,” they said in the statement.

The American-born Markle, who married the prince in 2018, has struggled under the harsh glare of the British tabloid press. In October, the couple filed suit against Associated Newspapers, which owns the Mail on Sunday, for publishing portions of a private letter written by Markle.