PSR Specific Direction 11 Feb 2022

Specific Direction 11

10/02/2022 Size: 162.771 KB APP scams Confirmation of Payee Consumer protection Specific Direction Specific Direction 11


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This requires Pay.UK to ensure the closure of the initial technical environment for Phase 1 of Confirmation of Payee (CoP) and requires the migration to Phase 2 by 30 June 2022.

Notes

We gave the original Specific Direction (SD) 11 to Pay.UK in February 2022.

In May 2022, we varied SD11 (SD11a) which will require Pay.UK to ensure the closure of the Phase 1 technical environment by 30 June 2022 rather than 31 May 2022.

This change has happened as some Phase 1 participants have experienced technical issues with their migration to the Phase 2 technical environment. This has delayed their readiness to provide CoP in the Phase 2 environment before Phase 1 was formally decommissioned on 31 May 2022. 

This direction revokes SD10 on 30 June 2022.

We have also published a consolidated SD11 (as varied by SD11a).

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