Bank of England Updates Industry on RTGS and CHAPS Settlement Initiatives
The Bank of England confirmed ongoing work to extend settlement hours and advance tokenisation and synchronisation capabilities within the UK payment infrastructure.
By Orion Desk
The Bank of England is progressing with plans to extend RTGS and CHAPS settlement hours, with work to implement a 1:30 am opening time currently underway. While respondents to a recent consultation supported extending weekday settlement hours, the Bank intends to publish formal conclusions on the sequencing and design of these changes in early 2027.
The Bank also provided an update on its work to integrate synchronisation functionality, which will allow for the atomic settlement of asset ledgers against sterling central bank money. Furthermore, officials are evaluating the potential to mandate structured address fields within the CHAPS rulebook following a delay to the November 2026 RTGS standards release.
Originally published by Bank of England
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