On 16 December 2024, the Business Banking Resolution Service (BBRS) announced that its Contemporary Scheme closed to new registrations, as planned, at midnight on 13 December 2024.

BBRS’ Contemporary Scheme, which covered incidents since 2019, was given an extension to operate for 12 months before closing. The previous Historical Scheme, covering cases from 2001-19, closed on 14 February 2023.

The BBRS confirmed that it will remain open to resolve complaints for customers that registered before the deadline. It noted that its dispute resolution experts remain committed to ensuring that these cases go through the full appropriate case resolution journey.