Regulatory text · Bank of England · Authoritative (T1)
Expanding Mandatory ISO 20022 Enhanced Data in CHAPS from 2027
Current version July 2026 · Effective November 2027 (the source states the month only) · entry recorded 16 Sep 2026
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Systems it applies to
Publisher: Bank of England →
Versions ClearingPost holds (2)
- July 2026effective November 2027 (the source states the month only)current
What changed: Material update to policy statement. Structured remittance mandate rescinded — Bank will engage with international peers before proceeding. LEI requirements for pacs.004 and pacs.009 COV payments confirmed for November 2027. Purpose Codes mandated for all CHAPS payments from November 2027.
This version at the publisher ↗ - September 2025effective November 2027 (the source states the month only)
What changed: Policy statement mandating Purpose Codes for all CHAPS payments from November 2027; LEIs required for pacs.004 return and pacs.009 COV payments between financial institutions; structured remittance data required for pacs.008 and pacs.009 COV payments; payments missing enhanced data will not be rejected before end-2028
This version at the publisher ↗