Cookies are small text files held on your computer. They allow us to give you the best browsing experience possible and mean we can understand
how you use our site. Some cookies may have already been set. You can delete and block cookies but parts of our site won't work without them. more cookie details

Standards Updates March 2016

Please see below for the latest updates and progress on our Standards. If you'd like further information on anything identified below please contact Karen.

New Standards Holders in March 2016

Praemium Ltd



Mainstay Investments Ltd

PSG Update

The first PSG Meeting of 2016 took place at etc.venues Fenchurch Street in London on 24th February 2016.

All documentation, including Minutes, is available to download from our website via the following link:-


The next PSG Meeting will take place at Aviva's offices in York on 11th May 2016.

Standards Update

Investment Switch and Redirect Notification


A meeting was held with the Working Group to review a scope item and it was agreed that Product Provider initiated transactions would be removed from scope, e.g. lifestyle rebalancing and market adjustment type transactions, leaving only client, Adviser/third party initiated transactions in scope.  The Terms of Reference and PID were accordingly amended and republished to the Working Group.

Plans for April:

Finalise the BRD to include Data Items and Data Definitions and progress the Candidate Design.

Investment Switch and Redirect Instruction


Interview sessions were held with Product Providers and Back Office Suppliers and the information obtained has been collated and analysed.

Plans for April:

Publish the ISRI Problem Definition Report with recommendations for Working Group review and hold a teleconference call to discuss.

XAdES Proof of Concept


The Proof of Concept Report was published to the OTG and some comments are being received on the new OTG Forum.

Plans for April:

The Proof of Concept Report will be published to the PSG,

Change Management Pilot


Changes have been identified for pensions legislation (Lifetime Allowance for Fixed and Individual Protection).  Solutions have also been documented for Contract Enquiry Standards for Bonds and Collective Investments.

New Business Details Confirmation


The first iteration of the NBDC Schema and MIG have commenced.

Plans for April:

Publish Draft A NBDC Standards documentation for Working Group review.

Documents Issued in March 2016

Investment Switch & Redirect Notification Scope for Consideration (updated) - Published on 30th March 2016

Investment Switch & Redirect Notification Project Initiation Document (updated) - Published on 30th March 2016

Investment Switch & Redirect Notification Terms of Reference (updated) - Published on 30th March 2016

New Business Details Confirmation Candidate Design (updated) - Published on 7th March 2016

Standards Change Management Pilot - Published on 2nd March 2016

Standards Change Management Problem Definition Report - Published on 2nd March 2016

Standards Delivered in March 2016

Standards Guides - Published on 31st March 2016



Provide Contract Valuation Standard v1.2 - Published on 31st March 2016


Read the latest news