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The CMA defines sweeping rules for variable recurring payments

By Puja Sharma

August 02, 2022

  • banks in UK
  • CMA
  • CMA9
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In July 2021, the CMA mandated the use of variable recurring payments (VRPs) as the mechanism for implementing sweeping under item A10 of the Roadmap (the July letter). At the December Implementation Entity Steering Group (IESG) meeting, the CMA committed to providing its views to the OBIE on these issues to help resolve any ambiguity. […]

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