UK’s FCA Seeks Feedback on Future Open Banking Standard-Setting Body

FCA details role of new UK open banking standards body

The FCA has shared an update on the development of a new standards-setting organisation for open banking in the UK, referred to as the ‘Future Entity’. This body is expected to become the primary authority for open banking standards, driving innovation and consistency across the sector. According to the FCA, the Future Entity will play a key role in advancing the rollout of variable recurring payments (VRPs) for certain household bills later thi…

FCA sets path for next phase of UK open banking

The UK’s financial watchdog has provided an update on the creation of a new standards-setting organisation for open banking, known as the ‘Future Entity’. The Financial Conduct Authority (FCA) said the body is expected to become the main authority for establishing and maintaining open banking standards in the country. Over the past six months, the open banking sector has seen what the regulator described as “significant progress”. Building on th…

The FCA's vision for open banking standards

New non-profit entity to set standards for data sharing, performance The post The FCA’s vision for open banking standards appeared first on Investment Executive.

UK’s FCA Seeks Feedback on Future Open Banking Standard-Setting Body

The U.K.’s Financial Conduct Authority (FCA) will continue to engage with the industry as it works to establish a new standard-setting body for open banking later this year. [contact-form-7] This new body will support the rollout of variable recurring payments for some types of household bills, the regulator said in a Friday (August 8) press release announcing its publication of a feedback statement that summarizes and responds to the c…

Design of the Future Entity for UK open banking

On 8 August 2025, the Financial Conduct Authority (FCA) published Feedback Statement 25/4: Design of the Future Entity for UK open banking (FS25/4). Background In March 2022, the FCA together with the Payment Systems Regulator, Competition and Markets Authority and HM Treasury announced the creation of a Joint Regulatory Oversight Committee (JROC) to help support innovation and increased use of open banking services. JROC agreed that a successor…

FCA to hold further industry talks on new open banking body   – Mortgage Finance Gazette

The Financial Conduct Authority will consult with firms and other stakeholders over the next six months to decide on “the best way forward” to set up an open banking standards body.   The City regulator says the body, currently called the Future Entity, will support… The post FCA to hold further industry talks on new open banking body   appeared first on Mortgage Finance Gazette.