Electronic Presentment of Instruments (Evidence of Payment and Compensation for Loss) Regulations 2018

Regulatory Updates | 12/07/18

Provisions have been made to ensure that the Image Clearing System (ICS) for cheques, an industry innovation which reduces cheque clearing times by sending a digital image of the cheque for clearing rather than the paper cheque itself, has no detrimental impact on the existing position for cheque users in the UK. The Regulations will come into force on 31 July 2018.