PS20/1: Response to our consultation on varying Specific Direction 10 and decision
We are publishing the responses we received to our consultation in January 2020 about our proposal to vary our Specific Direction 10 on Confirmation of Payee. We are also publishing our decision to give SD10 in the varied form we proposed in our consultation but with one change. That change is to make clear that we will always impose a new date for compliance with SD 10’s requirements if we approve an exemption under the additional basis.
Full stakeholder submissions to our consultation on varying Specific Direction 10 have also been published.