BoE Standards Advisory Panel minutes set out approach to Guidance on enhanced messages

Industry News | 17/02/20

The Bank of England (BoE) has published minutes of a 2 December 2019 meeting of its Standards Advisory Panel, during which the BoE and Pay.UK set out their approach to thematic market guidance on enhanced data ISO messages. The BoE will seek to issue guidance for priority transaction types by late 2020, with full implementation in March 2022, by when all CHAPS Direct Participants must be able to receive ISO 20022 enhanced messages.