The Board of Placing Platform Limited announced today that Next Gen delivery plan is to be reassessed. It has become clear that not all elements of the new platform will be ready in time for September, so the Board is engaging with its sub-committees to understand their priorities.

Sue Jakobek, CEO of PPL commented, “We always knew that the September launch date was ambitious but, with our market representatives, we believed it was right to aim for a window of opportunity in the renewal calendar when the platform is less busy”.

“The decision to review the timelines and delivery options results from several factors including the increased complexity and accelerated appetite for APIs. However, the quality of what has been delivered so far is very strong and we have had outstanding feedback from market participants. Now we need to work with the market to ensure the delivery plan fits its priorities”.