#  UPI Implementation Milestones 

Date(s) 

1st UPI Fee Model Consultation period  11th Jan – 5th Mar 2021 
List of Product Templates published for user information  30th Apr 2021 
Draft API and Connectivity Specifications (rules of engagement) published  30th Apr 2021 
2nd UPI Fee Model Consultation paper published  10th May – 9th Jul 2021 
Industry Feedback window closes for 2nd UPI Fee Model Consultation   9th Jul 2021 
Responses to the 2nd UPI Fee Model Consultation published  30th July 2021 
7 Draft UPI Product Template documentation published  1 Aug 2021 
UPI Fee Model Consultation Final Report published  27th Sep 2021 
Publication of DSB UPI Legal Terms and Conditions Consultation Paper  2nd Nov 2021 
10  UPI Legal Consultation - Explanatory Webinar 1 9th Nov 2021 
11  UPI Legal Consultation - Explanatory Webinar 2 10th Nov 2021 
12 UPI Legal Consultation - Industry feedback deadline 19th Jan 2022
13 Publication of DSB UPI Legal Terms and Conditions Consultation Final Report + UPI Access and Usage Agreement  12th Apr 2022
14 UPI Product Templates finalized and published 7th September 2022
15 UPI Technical Specifications for API connectivity finalized and published 7th September 2022
16 Finalisation of the final User Agreement and related policies 28th September 2022
16 Internal DSB Quality Assurance Testing of UPI Platform  Ongoing
17  UPI User Acceptance and Integration Testing Commences + User on-boarding commences  TBC* - available 9 months ahead of the first major regulatory reporting mandate
18  UPI Production system available – live UPIs can be created, searched and reported  TBC* - available 3 months ahead of the first major regulatory reporting mandate

*The DSB is working with regulators to ascertain revised UPI regulatory reporting mandates, and will provide an update in due course. Sign up here to receive updates from the DSB about the UPI service (select "UPI Notifications")