Strategy Updated 2026-05-14

Programme phases

Three phases, each a stable state with criteria for moving to the next. Mirrors the UK Open Banking sequence and is structured to give regulators a predictable evidence cadence.

flowchart LR classDef phase fill:#fef3c7,stroke:#b45309,color:#7c2d12,stroke-width:2px; classDef done fill:#dcfce7,stroke:#166534,color:#14532d; P1["Phase 1 — Sandbox
operational 2025–26"]:::phase P2["Phase 2 — Live trust framework
2026–27 (planned)"]:::phase P3["Phase 3 — National rollout
2027+ (planned)"]:::phase P1 --> P2 --> P3

Sandbox is the current state. Phase 2 begins when the Sandbox exit criteria are met.

Phase 1 — Sandbox

Status: operational today. CLC + OPDA + Raidiam, funded by the Regulators' Pioneer Fund.

Goal: build and stress-test the technical, regulatory and governance foundations of the trust framework in a controlled environment with real participants.

Workstream	What's being delivered
Technical	PDTF schemas v3.4+, OpenAPI v1.2, validation tooling, conformance test suite
Governance	Trust framework spec, accreditation criteria, consent & liability model
Operational	Raidiam-run Sandbox infrastructure, participant onboarding process, audit regime
Regulatory	Gap analysis fed back to MHCLG, DSIT and FCA

Exit criteria (proposed):

≥ 10 Sandbox participants completing the full transaction flow
Conformance test suite passing for all participating data sources
Regulator buy-in (FCA + ICO) on the consent/liability model
MHCLG-published material-information successor guidance incorporated into the nts.json overlay
Independent operational-readiness review completed

Phase 2 — Live trust framework

Status: planned 2026–27.

Goal: open the production trust framework to accredited participants. Move from "controlled cohort" to "anyone meeting the criteria can join".

Productionised trust-framework infrastructure (not a sandbox copy)
Live conformance scheme — independent body issues certifications
Published accreditation criteria with a public participant register
Regulatory wrapper — likely FCA authorisation regime per the Smart Data Scheme model
Public dispute / incident-response process

Exit criteria (proposed):

≥ 50 certified participants across all six bounded contexts
Quarterly audit cycle running with public reports
End-to-end transactions running on the live framework at scale
Consumer-facing brand awareness comparable to Open Banking at the 2018–2019 mark

Phase 3 — National rollout

Status: planned 2027+.

Goal: industry-wide default. PDTF becomes the standard exchange layer for property data; non-conformant alternatives become rare and uncompetitive.

Mandatory conformance for regulated activities (estate-agency Material Information, conveyancing, mortgage lending)
Cross-jurisdiction expansion — Scotland, Northern Ireland aligned
International peer-recognition (e.g. with similar property data initiatives in Australia or the Netherlands)
OPDA evolves to a steady-state standards body, more like the Open Banking Implementation Entity in maturity terms

Open Banking precedent

The phasing intentionally echoes the UK Open Banking timeline:

2016–2017: CMA Order, Open Banking Implementation Entity stood up — equivalent to today (DPMSG + OPDA forming)
2018: CMA9 banks live with read APIs — equivalent to Phase 2
2019–2021: Variable Recurring Payments, broader fintech adoption — equivalent to Phase 3

Raidiam's involvement is significant precisely because they ran the equivalent Open Banking infrastructure in Brazil and worked on the UK Open Banking project — so this is not a from-scratch design.