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🌍
Jurisdiction
United Kingdom
📅
Effective Date
2025
Jan 1, 2025
✅
Full Compliance
2027
Jan 1, 2027
🏛️
Regulator
BEIS
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.
Scope & Coverage
PensionsSavingsInvestmentsInsuranceEnergyTelecoms
Key Requirements
1
Cross-sector data portability2
Pension dashboards3
Open Finance framework4
Consumer data rightsKey Notes
Pension dashboards expected to launch. Open Finance regulatory framework under development.
Official Resources
Related Regulations
Other open banking frameworks in Europe:
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