Changes now in force.
Updates that have fully landed and no longer read as forthcoming. Nothing is deleted — each item stays here with the reason it was archived and its original source.
- ISO 20022
Swift offers a free address-structuring tool ahead of the 2026 deadline
To help institutions meet the structured-address requirement, Swift has made an address-structuring model available as a free, open-source tool that converts free-text postal addresses into the structured or hybrid ISO 20022 format, so the roughly two-thirds of messages still carrying unstructured addresses can be cleaned up before enforcement.
ARCHIVED 14 JUL 2026 The tool has been available for over eight months; readiness guidance now lives under the mandatory structured/hybrid address item rather than standing alone as a separate development.
- ISO 20022
Legacy cross-border MT payment messages retired; coexistence ends
The MT–MX coexistence period for in-scope cross-border payment and cash-reporting instructions ended in November 2025. Legacy MT payment messages were retired and the in-flow MT/MX translation service was withdrawn, so in-scope traffic must now be native ISO 20022.
ARCHIVED 01 MAR 2026 The coexistence cutover is complete; native ISO 20022 for cross-border payments is now business as usual rather than a live milestone.
- SEPA
SEPA Verification of Payee became mandatory in the euro area
Under the SEPA Verification of Payee scheme, euro-area payment service providers were required to offer a payee name-and-account check from 9 October 2025, giving payers a match result before an instant or standard credit transfer is sent.
ARCHIVED 01 MAR 2026 Now in force across the euro area and folded into standing SEPA scheme rules, so it no longer reads as a forthcoming change.
- Market infrastructure
Fedwire Funds Service completed its ISO 20022 cutover
The Federal Reserve's Fedwire Funds Service completed its single-day migration to the ISO 20022 message format on 14 July 2025, moving US large-value settlement onto the same standard used by other major market infrastructures.
ARCHIVED 01 DEC 2025 Migration complete; Fedwire now runs native ISO 20022, so this is settled history rather than a live development.