Timeline & Progress
- January 2024 – The Interim Working Group (IWG) formed to develop CIGB proposals. More information on the working group can be found on the IWG landing page. (link)
- March 2024 – The first IWG data user and contributor event was held, with over 80 firms in attendance to discuss the IWG’s progress and recommendations to date.
- April 2024 – Report one: “What the CIGB should do” was published by the IWG.
- July 2024 - Report two: “How the CIGB should be constituted” was published by the IWG.
- September 2024 – The second IWG data user and contributor event was held, with the FCA in attendance to answer industry questions.
- April 2025 - Report three: Consultation papers were published by the IWG following extensive industry engagement.
- May 2025 – The final report was issued by the IWG, setting out the final consolidated recommendations on CIGB’s purpose, structure, funding, data, and transition planning. CIGB was incorporated in Companies House as a company limited by guarantee with high-level Memorandum and Articles of Association. Two temporary Directors were appointed, Jacqueline Keogh (IWG Independent Chair) and Richard Street (Crediva).
- June 2025 – Conversations were held with firms on the topic of prefunding and an initial draft of the prefunding contract were issued for comment. Interviews for the role of CIGB Chair, General Manager, Business Operations Support and Legal Counsel were held.