Smart Data Schemes

UK Smart Data Roadmap

UpcomingOpen FinanceEurope
United Kingdom • Regulated by BEIS / FCA / Various sector regulators
📅
Effective Date
Jan 2025
Expected
Full Compliance
Jan 2027
🏛️
Regulator
BEIS / FCA / Various sector regulators
📊
Scope Areas
6

Overview

The UK's Smart Data initiative extends open banking principles to other sectors including pensions, investments, energy, and telecommunications. It aims to give consumers control over their data across multiple industries.

Note: Pension dashboards expected to launch. Open Finance regulatory framework under development.

Jurisdiction

United Kingdom
View Open Banking providers and TPPs in United Kingdom

Scope & Coverage

This regulation covers the following areas and services:

PensionsSavingsInvestmentsInsuranceEnergyTelecoms

Key Requirements

Cross-sector data portability
Pension dashboards
Open Finance framework
Consumer data rights

Timeline

Expected Effective Date
January 1, 2025
Full Compliance Deadline
January 1, 2027

Official Resources

Related Regulations

Other Europe regulations you might be interested in:

Need to integrate with Open Banking APIs?

Explore our directory of API aggregators and TPPs to accelerate your compliance.

Interested in more insights?

Banq builds data products and ecosystem solutions for bank and fintech providers.

Join our private beta