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New functionality and specifications have been added in relation to the following:

• Insurance API description that fulfils the data sharing requirements for motor insurance policies.

• Pushed Authorization Request Endpoint description that provides details of the Rich Authorization Request Schema Objects used to initiate User authentication and authorization.

• Payment Refunds functionality that facilities refund payments for Open Finance initiated payments to Merchants/Service Providers.

• https://openfinanceuae.atlassian.net/wiki/spaces/standardsv1draft3/pages/70091893/Single+Instant+Payment#2.2-Fast-track-Journey, functionality that allows a simples user journey when all payment informaiton is available at TPP

• https://openfinanceuae.atlassian.net/wiki/spaces/standardsv1draft3/pages/70091893/Single+Instant+Payment#3.3-Using-Proxy-for-Beneficiaries, user journey when proxy is used for beneficiaries

• https://openfinanceuae.atlassian.net/wiki/spaces/standardsv1draft3/pages/70091893/Single+Instant+Payment#3.4-Using-Confirmation-of-Payee-(COP), user journey allowing confirmation of Payee when payee is defined using a bank account

• Open Finance Payment Limits added to https://openfinanceuae.atlassian.net/wiki/x/n4gtB

• List of purpose codes added in https://openfinanceuae.atlassian.net/wiki/x/n4gtB

• https://openfinanceuae.atlassian.net/wiki/spaces/standardsv1draft3/pages/70092119/Multi-Payments#1.5-Combined-Payments-(Recurring-Payments-with-a-One-Time-Setup)additional functionality for combined single and multi-payments in a single consent.

• https://openfinanceuae.atlassian.net/wiki/spaces/standardsv1draft3/pages/70092119/Multi-Payments#1.7-Balance-Check-Permission functionality to allow balance check of the paymennt account before a payment of a mutli-payment consent is initiated

What’s changed ?

Since the previous draft, the following functionality and specifications have been updated:

• Bank Data Sharing API description includes the /parties endpoint to provide details of the User as held by the LFI.

• Bank Service Initiation API description includes the Refunds endpoint and consent flag that allows debtor account details to be retrieved.

• Bank Service Initiation API description includes the Bulk/Batch payments operations that allows TPPs to submit a file of payment instructions to an LFI via the OFP.

• Bank Service Initiation API description references Aani codes rather than ISO 20022 for the property PaymentPurposeCode.

• Bank Data Sharing and Bank Service Initiation API descriptions have been amended to include a standardised prefix of “AE” for Schema Object names.

• API description pages have been renamed from “Swagger Documentation” to “OpenAPI Documentation” to provide the correct name of the API description language used.

• Future Dated Payment has been updated to reflect that FDPs are warehoused and scheculed by LFIs

• Purpose code has been added to all payment types.

• FAPI Certification page added, detailing the initial guidelines around the Ecosystem certification policy and process.

• Added Confirmation of Payee API

• Added Confirmation of Payee - OpenAPI Documentation

What’s changed ?

• Security Profile and Client Registration Framework enhanced with the inclusion of tables and sequence diagrams to further exemplify the Registration and Authorisation Journey should be executed

• All Excel spreadsheets exported from OpenAPI description updated to include unreferenced objects.

• Changed Bank Data API - OpenAPI Documentation to include additional properties in Party responses.

• Updated Business Rules for COP in https://openfinanceuae.atlassian.net/wiki/spaces/standardsv1draft3standardsv1draft4/pages/70092119/Multi-Payments#1.898337961/Single+Instant+Payment#3.4-Using-VariableConfirmation-definedof-Consent-for-Single-Future-Dated-Payment-(FDP)clarification added in the Multipayments

• Bank Data Sharing description has been updated to clarify that an LFI may act as a TPP and ingest LFI data, subject to the same rules and guidelines as a TPP.

• Motor Insurance description has been updated to specify that an LFI is required to return a quote to a TPP regardless of whether there is a commercial agreement in place.

• Motor Insurance Payee-(COP) to align BRs with the new COP API Design

• Updated the Common Rules and Guidelines page to include addtional information in relation to the usage of the Risk Information Block in https://openfinanceuae.atlassian.net/wiki/spaces/standardsv1draft3standardsv1draft4/pages/7009300198339394/MotorCommon+Rules+Insuranceand+Quotes#7Guidelines#9.-Risk-Data-Categories have been updated in line with responses from industry participants as to which data fields are availableInformation-Block.

What's to come?

Future drafts will include some/all of the following functionality and specifications:

• Request to Pay .Confirmation of Payee API design.⚠️ (NOTE: This page in still WIP and should not be taken under consideration during your review of this draft of the Standard)