On 30 April 2025, the Bank of England (BoE) published the Technical Standards (Simplified Obligations) Instrument 2025, which revokes the retained EU law Technical Standard 2019/348 on Simplified Obligations (SO UKTS).

The BoE published a consultation paper in December 2024 setting out its proposal to revoke the SO UKTS – please see our previous blog for more details.

As the BoE did not receive any formal responses or queries, it has proceeded to revoke the SO UKTS in line with the approach set out in its consultation. The Bank Resolution Standards Instrument: The Technical Standards (Simplified Obligations) Instrument 2025 revokes Commission Delegated Regulation (EU) 2019/348.