# | UPI Implementation Milestones |
Date(s) |
1 | 1st UPI Fee Model Consultation period | 11th Jan – 5th Mar 2021 |
2 | List of Product Templates published for user information | 30th Apr 2021 |
3 | Draft API and Connectivity Specifications (rules of engagement) published | 30th Apr 2021 |
4 | 2nd UPI Fee Model Consultation paper published | 10th May – 9th Jul 2021 |
5 | Industry Feedback window closes for 2nd UPI Fee Model Consultation | 9th Jul 2021 |
6 | Responses to the 2nd UPI Fee Model Consultation published | 30th July 2021 |
7 | Draft UPI Product Template documentation published | 1 Aug 2021 |
8 | UPI Fee Model Consultation Final Report published | 27th Sep 2021 |
9 | 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 |
17 | Internal DSB Quality Assurance Testing of UPI Platform | Ongoing |
18 | UPI User Acceptance and Integration Testing Commences + User on-boarding commences | TBC* - available 9 months ahead of the first major regulatory reporting mandate |
19 | 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")