Here we provide the full stakeholder submissions to our consultation on giving a varied specific direction on the implementation of Confirmation of Payee. This consultation ran from 20 January 2020 to 29 January 2020.
A summary of the responses, along with our conclusions and decision, as well as the varied specific direction have also been published.
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.
Specific Direction 10 (Confirmation of Payee) (Varied February 2020)
We are giving a revised specific direction to members of the UK’s six largest banking groups to fully implement Confirmation of Payee (CoP) by 31 March 2020.
CP20/1- Confirmation of Payee: Proposal to vary Specific Direction 10
We are consulting on a proposal to vary our Specific Direction 10 on Confirmation of Payee.