The Bank of England has delayed its planned November 2026 RTGS standards release, aligning with Swift’s decision to postpone the November 2026 Swift Standards Release. This delay follows industry requests for additional time to prepare for the removal of unstructured postal address formats, amid concerns about global readiness. The RTGS release, which includes CHAPS payment messaging standards, is being deferred entirely to maintain global alignment, preserve interoperability, and avoid implementation risks. The Bank emphasized coordination with Swift and other market infrastructures to ensure a unified approach. It will continue engaging stakeholders and provide updates through the ISO 20022 initiative to support organizational planning as revised timelines emerge. The delay avoids potential challenges from separating changes at this late stage.
© Governor and Company of the Bank of England.
Summary adapted from the Bank of England website (https://www.bankofengland.co.uk ).
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