PSR responds on COP call for views

PSR issued its call for views on the wider implementation of Confirmation of Payee in May 2021.  It has now set out the findings from its call for views and its plans and expectation on industry for the next step.

It will consult before the end of the year on whether it will require the end of dual running by a particular date in 2022 and on revoking the current SD10, and will also decide in 2022 whether it needs to intervene in order to direct delivery of the remaining parts of Phase 2.

Emma Radmore