Bank of England Reports Issues with CHAPS, Impacting “High Value” Payments [U]

July 18, 2024 @ 11:22 am By JD Alois

The Bank of England is reporting issues with CHAPS or Clearing House Automated Payment System, the platform that enables real-time gross settlement payments in the United Kingdom.

The Bank stated that the issues impacted some “high-value and time-sensitive payments, including some house purchases.”

The Bank did not share exactly what has impacted CHAPS, whether it was an internal issue or the result of some sort of attack.

The Bank added that retail payments remain unaffected so individuals may use cash points (ATMs) and normal transfers.

UPDATE: The Bank of England has issued a statement that problems with CHAPS are now resolved. The Central Bank did not provide any additional information on the issue.

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Oct 22, 2026 vs Jan 1, 2025 - Oct 22, 2025

Number of Filings130Prior 125 +4.0%

Target Raise, Total$3.37BPrior $3.54B -4.7%

	This YTD	Year prior	Change
Filings	130	125	+4.0%
Target raise	$3.37B	$3.54B	-4.7%

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Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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