In August 2020, Pay.UK made an application for an exemption from the obligations in Specific Directions 2 and 3 (SDs 2 and 3) to competitively procure the central infrastructure contracts for Bacs and Faster Payments, on the grounds of exceptional circumstances. It applied on the basis that the impact of Covid-19 has created new risks and exacerbated some pre-existing risks justifying an exemption for exceptional circumstances

We rejected the application in January 2021. We set out our reasons in our Decision. Non-confidential versions of our Decision and Pay.UK’s application are published below.

  • Pay.UK application for exemptions from obligations under PSR Specific Directions 2 and 3

    pdf | 972.484 KB

  • Pay.UK’s Application for Exemptions from Obligations under PSR Specific Directions 2 and 3: PSR final decision

    pdf | 284.23 KB

  • Pay.UK’s Application for Exemptions from Obligations under PSR Specific Directions 2 and 3: Annex 4

    pdf | 302.815 KB

  • Pay.UK’s Application for Exemptions from Obligations under PSR Specific Directions 2 and 3: Annex 5

    pdf | 200.281 KB

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