The OBIE launches Evolving Open Banking Standards re: Confirmation of Payee and CRM Code Consultation

02 February 2021

The Open Banking Implementation Entity (OBIE) has today published its consultation on Confirmation of Payee (CoP) and the Contingent Reimbursement Model (CRM) Code and its implications for open banking payment journeys.

The OBIE welcomes stakeholder views on the CoP / CRM Consultation paper via its online Consultation Survey.

  1. CoP/ CRM Consultation paper
  2. CoP and CRM Proposition paper
  3. CoP CRM Implications for OBIE R/W API Standards

A further Preliminary Analysis paper is also being published, which sets out in more detail the preliminary findings from the consumer research commissioned exploring the effectiveness of warnings. This supplements the summary of findings presented in the Consultation Paper.

The primary focus of our consultation is the content set out in the Consultation Paper. However, we have also produced a Draft Proposition Paper and an outlining of the potential implications for the API specification. We welcome observations on the recommendations set out in these too, via the relevant Confluence Feedback pages detailed below.

Consultation Process

  • Please submit feedback on the Consultation paper via the online Consultation Survey
  • For the CoP and CRM Proposition paper and CoP CRM Implications for OBIE R/W API Standards, please provide any feedback via Confluence Feedback pages
  • Please submit one response document per organisation. Responses are deemed to be non-confidential
  • Consultation responses will be reviewed and OBIE will produce a summary of feedback which will be submitted to the Implementation Entity Steering Group for consideration in February 2021
  • We intend to launch a second phase of consultation shortly after the Implementation Entity Steering Group meeting
  • The deadline for feedback for this consultation is 5pm, Monday, 1st March 2021
  • We are holding a consultation event on Wednesday 10th February 2021, please register here

If you experience any issues accessing any of these links, please raise a ticket via the Service Desk Portal (if you have access) or email the and we can organise access.



About the Open Banking Implementation Entity:

The Open Banking Implementation Entity (OBIE) is the entity set up by the CMA in 2016 to deliver Open Banking. Its trading name is Open Banking Limited. OBIE is governed by the CMA and funded by the CMA9 (Allied Irish Bank, Bank of Ireland, Barclays, Danske, HSBC, Lloyds Banking Group, Nationwide, RBS Group and Santander). Its works with the CMA 9, as well as challenger banks, financial technology companies, third party providers and consumer groups.

OBIE’s role is to:

  • Enforce the obligations on the CMA9 under the CMA Order
  • Design the specifications for the Application Programme Interfaces (APIs) that banks and building societies use to securely provide Open Banking
  • Support regulated third party providers and banks and building societies to use the Open Banking standards
  • Create security and messaging standards
  • Manage the Open Banking Directory which allows regulated participants like banks, building societies and third-party providers to enrol in Open Banking
  • Produce guidelines for participants in the Open Banking ecosystem
  • Set out the process for managing disputes and complaints