We consulted on a draft version of this specific direction in our consultation PSR CP19/4.

We ran the consultation from 9 May 2019 to 5 June 2019.

In this document, we discuss the responses we received and outline our conclusion.

Taking into account the submissions we received, we consider that proceeding with the specific direction is the right thing to do and we have now given Specific Direction 10 requiring the implementation of Confirmation of Payee.

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