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OBIE has appointed Marion King as its new Chair and Trustee

1 February 2023: The CMA has published its response to the Trustees End of Implementation Roadmap Report.

• Transition report (PDF, 105KB) (1.2.23)
• News story: New chair of Open Banking appointed (1.2.23)

Letter to the Open Banking Implementation Entity

12 January 2023: The CMA has published its decision on roadmap completion following an update from OBIE on the status of items in the Roadmap, which the CMA has also published alongside its decision.

• OBIE letter to CMA on Roadmap status update (PDF, 736KB) (12.1.23)
• CMA decision on Roadmap completion (PDF, 189KB) (12.1.23)
• Press release: Millions of customers benefit as Open Banking reaches milestone (12.1.23)

18 August 2022: The CMA has published a letter sent to the Open Banking Implementation Entity following an update from OBIE on the status of items in the Roadmap, which the CMA has also published alongside its letter.

• OBIE letter to CMA on Roadmap status update (PDF, 623KB) (18.8.22)
• CMAs response to OBIE (PDF, 115KB) (18.8.22)

23 March 2022: The CMA has published a letter sent to the Open Banking Implementation Entity following an update from OBIE on the status of items in the Roadmap, which the CMA has also published alongside its letter. Updated with further correspondence between OBIE and the CMA on 14 April 2022.

• CMAs response to OBIE (PDF, 110KB) (14.4.22)
• OBIE letter to CMA on Roadmap status update (PDF, 547KB) (14.4.22)
• CMA letter to the OBIE (PDF, 118KB) (23.3.22)
• OBIE Roadmap status update (PDF, 260KB) (23.3.22)

14 March 2022: On 26 July 2021 the CMA approved the recommendation (PDF, 221KB) made by the Open Banking Implementation Entity (OBIE) to mandate variable recurring payments (VRPs) as the mechanism for implementing sweeping under item A10 of the Revised Roadmap (May 2020) (PDF, 390KB), implemented pursuant to the Retail Banking Market Investigation Order 2017 (the Order).

Following this, questions were raised with OBIE as to whether certain use cases fell within the existing approved definition of sweeping. OBIE consequently invited views from stakeholders on clarification of the definition for the CMA to consider. The CMA has now provided clarification on the definition of sweeping for the purpose of the Revised Roadmap.

• Letter to Open Banking Implementation Entity (PDF, 156KB) (14.3.22)
• Summary of responses (PDF, 187KB) (14.3.22)

15 November 2021: The CMA has approved the recommendation made by the Open Banking Implementation Entity to revise the implementation timescale for Variable Recurring Payments for sweeping services.

• Letter to the Open Banking Implementation Entity (PDF, 114KB) (15.11.21)

27 July 2021: The CMA has approved the recommendation made by the Open Banking Implementation Entity to mandate variable recurring payments (VRPs) as the mechanism for implementing sweeping under item A10 of the Revised Roadmap.

• Letter to the Open Banking Implementation Entity (PDF, 221KB) (27.7.21)

Review of part 6 of the retail banking order

18 December 2019: The CMA reviewed the Retail Banking Order 2017 and this has been varied to transfer the obligations of Part 6 to the FCA with effect from 18 December 2019.

• Review of Part 6 of the Retail Banking Market Investigation Order 2017

Retail Banking Market Investigation Order 2017

Directions issued to banks to ensure they comply with the requirement to release personal and business account data sets as part of the Open Banking remedy.

Satander Directions revoked

29 September 2021: The CMA today revoked the Directions given to Santander on 19 December 2017 and subsequently varied on 29 January 2019 and 18 March 2020 in respect of the delivery of release 1 of Open Banking by its subsidiary Cater Allen on confirmation by the Bank that it had met the requirements of the Directions to the satisfaction of the CMA.

Santander Directions varied 2020

18 March 2020: The CMA today varied the Directions given to Santander on 19 December 2017, and previously varied on 29 January 2019, in respect of the delivery of release 1 of Open Banking.

• Varied directions for Santander (PDF, 143KB) (18.3.20)
• Implementation Plan (PDF, 117KB) (18.3.20)

Directions issued to 5 banks: App-to-App functionality

HSBC Directions revoked

6 August 2020: The CMA today revoked the Directions given to HSBC on 1 April 2019 on confirmation by the Implementation Trustee that HSBC was compliant with Article 14.1 of the Order with respect to App-to-App Redirection Functionality.

Santander Directions revoked

27 November 2019: The CMA today revoked the Directions given to Santander on 1 April 2019 on confirmation by the Implementation Trustee that Santander was compliant with Article 14.1 of the Order with respect to App-to-App Redirection Functionality.

Danske Bank Directions revoked

16 October 2019: The CMA today revoked the Dir

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