I have received an email stating"Update your bank feed to comply with Open Banking regulation"but I am not sure how to do it as when I click update steel bank feed is not

Hello there, @elireltd.

To manually update your bank transactions, here’s how:

    1. Log in to your bank’s website outside QuickBooks.

    2. Review your posted transactions and check for any connectivity error notifications.

    3. Once completed, log in to your QuickBooks Online account.

    4. Let’s perform a manual update on your connected bank account.

          a. Go to the Banking menu.

          b. Choose the Banking tab.

          c. Select your bank account.

          d. Click Update.

          e. If prompted, enter your Multi-Factor Authentication (MFA) credentials.

          f. Click the Continue update button.

You can read through these articles for more detailed steps: 

• Open Banking FAQ
• Open Banking - all you need to know

 Also, I have here some articles to help you with managing your downloaded bank transactions:

• Assign, categorise, edit, and add your downloaded banking transactions
• Match and categorise your downloaded bank transactions
• What to do if bank transactions won’t download or there's a bank error

Feel free to click the Reply button if you have other questions. I’m just a few posts away.