Bank of England Mandating ISO20022 enhanced data in CHAPS

UK Finance members welcome the opportunity to respond to the Bank of England’s (the Bank’s) consultation on Direct Participants (DPs) meeting the mandatory enhanced data requirements in CHAPS through all their initiation channels by November 2027, and for Purpose Codes to be included in all CHAPS payments by November 2027.

Bank of England Mandating ISO20022 enhanced data in CHAPS

26.09.24

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