SD 17 Exemptions

Important information before you fill out this form:

The purpose of this form is to facilitate requests from directed firms (under Specific Direction 17) for an extension or exemption to SD17.
If you think you qualify for an exemption to the requirements to provide a CoP system under SD17, please fill out and submit the Exemptions form below.
If you think you qualify for an extension to the October 2024 deadline to comply with the requirements under SD17, please fill out and submit the Extension Request Form.
Confirmation of Payee (CoP) was first introduced as a Specific Direction in 2019 and aimed to ensure the UK’s six largest banking groups had implemented a CoP system by October 2024.
The aim of CoP was to act as a preventative measure against Authorised Push Payment (APP) scams.
Upon consultation in 2022, the PSR has widened the scope of firms directed to implement a CoP system in the continued action against APP fraud. These firms now have a deadline of October 2024 to have a functional CoP system implemented.
There are answer boxes next to each question, should you wish to provide additional information to your answer. However, you may also answer with yes/no/not applicable.

Company details

PSP name:

FCA firm reference number:

Contact name:

Contact email:

Contact job title:

Please note that this only applies to channels which are in scope.

1.1 What are your reasons for applying for an exemption?

2.1 Please explain any factors which have affected your ability to have and use a CoP system?

2.2 Please confirm the expected volume of customers that you consider would be impacted if the PSR were to grant an exemption?

2.3 Please confirm whether the exemption would apply to all parts of your business or would only impact one of your business lines?

2.4 Do you have any plans to merge with another PSP that already provides a CoP service?

2.5 Are you insolvent or do you expect to be in the near future?

2.6 Do you have plans to exit the UK market?

2.7 Do you have plans to decommission any of your channels/accounts/products that are currently in scope?