UK FCA Open Finance Roadmap 2026 to 2030
Summary
The UK Financial Conduct Authority (FCA) has published an open finance roadmap covering 2026 to 2030, outlining a phased approach beginning with industry collaboration in 2026. The FCA will prioritise SME lending and mortgage access use cases through a Q2 Policy Sprint, a Q3 PRISM taskforce, a Q4 tech-sprint, and a Q4 discussion paper on the first open finance scheme. In 2027, the FCA will seek views on a long-term regulatory framework working with HM Treasury, with sustainable schemes planned from 2028 to 2030.
“FCA will collaborate with industry on the launch of sustainable open finance schemes with clear governance, high standards of consumer protection and interoperability.”
Firms providing SME lending, mortgage services, or data-sharing infrastructure should monitor the Q2 2026 Policy Sprint and Q4 2026 discussion paper as early opportunities to influence the future open finance regulatory framework. Participation in FCA-led engagement activities could be material to how the long-term framework is designed.
What changed
The FCA has released a non-binding open finance roadmap that sets out its vision for extending data-sharing principles beyond open banking from 2026 through 2030. The roadmap is structured in three phases: collaboration activities in 2026 including a Policy Sprint, a PRISM taskforce, and a tech-sprint; framework design in 2027 with HM Treasury; and scheme launch from 2028 to 2030.
Financial services firms, fintechs, and SMEs should monitor FCA publications and consider participating in the targeted engagement beginning in Q2 2026 and the discussion paper in Q4 2026. Firms involved in SME lending, mortgage services, or data-sharing infrastructure may wish to engage with the Policy Sprint and tech-sprint to help shape the future regulatory framework.
Archived snapshot
Apr 20, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
April 20, 2026
UK FCA publishes open finance roadmap
The UK Financial Conduct Authority (FCA) has published its open finance roadmap, setting out its vision for open finance in the UK from now until 2030. The FCA explains that the roadmap draws on lessons from open banking and international experience and takes a phased evidence-led and collaborative approach.
- In 2026: on collaboration —The FCA will:
- prioritise high impact open finance use cases, starting with small- and medium-sized enterprise lending and improving consumers' access to mortgages.
- build evidence through its Q2 Policy Sprint to assess where open finance can materially improve customer journeys and outcomes, as well as what firms and fintechs need from a future framework to unlock access to key data sets.
- lead targeted engagement from Q2 to establish what industry-led progress can achieve and where a future regulatory framework may be needed.
- identify the impacts of use cases on consumer outcomes, competition, growth and innovation by Q3 through the FCA-led Prioritisation and Real-World Insights Selection Matrix (PRISM) taskforce.
- run a tech-sprint in Q4 to show how open finance can address challenges faced by consumers, businesses and firms, and the data and technology infrastructure required to unlock use cases.
- seek views in Q4 on how regulation can unlock benefits and support the safe and responsible adoption of open finance, beginning with a discussion paper on the first open finance scheme.
- In 2027: on framework design and coordination —The FCA will seek views on a long-term regulatory framework for open finance, working with HM Treasury on options for this long-term regulatory framework in H2 2027.
- From 2028 to 2030: supporting scale and delivery —The FCA will collaborate with industry on the launch of sustainable open finance schemes with clear governance, high standards of consumer protection and interoperability. It will also review its priorities as markets evolve, new technologies emerge, and further high-impact use cases are identified. [View source.]
;) ;) Report
Latest Posts
- UK FCA consults on cryptoasset perimeter guidance
- UK OFSI strategy for 2026–2029
- Eurosystem's response to EC consultation on the competitiveness of the EU banking sector
- EC adopts Delegated Regulation setting RTS on order execution policy
- Disputes 101 – Parent company liability in its various forms See more »
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
Attorney Advertising.
©
A&O Shearman
2026
Written by:
A&O Shearman Contact + Follow
PUBLISH YOUR CONTENT ON JD SUPRA
- ✔ Increased readership
- ✔ Actionable analytics
- ✔ Ongoing writing guidance Join more than 70,000 authors publishing their insights on JD Supra
Published In:
Banks + Follow Data-Sharing + Follow Financial Conduct Authority (FCA) + Follow Financial Regulatory Reform + Follow FinTech + Follow Lenders + Follow Mortgages + Follow Open Banking + Follow Regulatory Agenda + Follow Small and Medium-Sized Enterprises (SMEs) + Follow UK + Follow Consumer Protection + Follow Finance & Banking + Follow more
A&O Shearman on:
Solve with 2Captcha
Solve with 2Captcha
Related changes
Get daily alerts for JD Supra Finance & Banking
Daily digest delivered to your inbox.
Free. Unsubscribe anytime.
Source
About this page
Every important government, regulator, and court update from around the world. One place. Real-time. Free. Our mission
Source document text, dates, docket IDs, and authority are extracted directly from A&O Shearman.
The summary, classification, recommended actions, deadlines, and penalty information are AI-generated from the original text and may contain errors. Always verify against the source document.
Classification
Who this affects
Taxonomy
Browse Categories
Get alerts for this source
We'll email you when JD Supra Finance & Banking publishes new changes.
Subscribed!
Optional. Filters your digest to exactly the updates that matter to you.