BoE: Extending RTGS and CHAPS settlement hours – early morning extension

Further to its July 2025 consultation, BoE has published this policy statement which sets out its decision to extend CHAPS settlement hours by moving the start of settlement from 06:00 to 01:30 with the intention of putting this in place in September 2027, subject to final confirmation of the planned timelines with impacted CHAPS direct participants.  BoE will not progress the proposal for an extension to the evening contingency window further at this stage.