EPC Newsletter Issue 5 - January 2010
EPC Latest News
SEPA Scheme Change Management Cycle 2010Suggestions for changes must reach the EPC by end February 2010
28.01.10 BY Herman Segers
The SEPA Schemes will evolve over time to reflect changes in market needs and updates in standards. Each SEPA Scheme Rulebook (SEPA Credit Transfer, SEPA Core Direct Debit and SEPA Business to Business Direct Debit) contains in Annex the Scheme Management Internal Rules that define the change management process applicable to the Rulebooks. The first step in the annual SEPA Scheme Change Management Cycle is the introduction of suggestions for changes to the Schemes by any interested party. The EPC invites stakeholders to submit suggestions for changes to the EPC by 28 February 2010 (a link to the relevant documentation is included at the end of this article). Herman Segers explains the process.
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Get involved!
The annual SEPA scheme change management process is based on the following principles:
- There will be one unique release date per year for all SEPA Schemes
- The release date will be aligned with the annual maintenance release of SWIFT in the 3rd week of November
- There is a freeze period of 12 months preceding the release date
All suggestions for changes to the Scheme Rulebooks will be evaluated by the EPC SEPA Payment Schemes Working Group (SPS WG) and channelled into a single change request per Rulebook to be released for a three-month public consultation in May 2010. Updated versions of the Rulebooks will be published following approval by the EPC Plenary in September 2010. These Rulebook releases will take effect in November 2011.
For a detailed description of the SEPA Scheme Change Management Process refer to the article "Think ahead"; a link to this article is included below.
Herman Segers is the EPC Secretary General.
Related link:
Template for proposing a suggestion for a change to a SEPA Scheme
Related article in previous issue:
Think ahead. The SEPA scheme change management process (EPC Newsletter, Issue 2, April 2009)
Article104
Other articles in this issue
28.01.10 Update EPC Plenary Meetings - Main decisions taken in December 2009 By Gerard Hartsink 28.01.10 The EPC Shortcut Series: continued - Three new EPC publications highlight key concepts of a SEPA for Cards By Meral Ruesing 28.01.10 Optional SEPA Direct Debit Scheme in the Pipeline - Additional SDD Fixed Amount Scheme provides maximum planning security to consumers and billers By Javier Santamaría 28.01.10 SEPA to go - EPC White Paper on mobile payments: consultation is going on now By Dag-Inge Flatraaker 28.01.10 PSD in Practice - Discrepancies in national transposition pose a challenge to banks By Ruth Wandhöfer 28.01.10 SEPA Survey 2009: Corporate Readiness on the Rise - The findings confirm that early movers have everything to gain By Eddy Ouwendijk and Joris Barbas 28.01.10 Expectations are promising (and Patience is a Virtue) - Results of the Second Annual Progress Report on the state of SEPA migration in 2009 By Zuzana Kalivodova and Gerd Heinen 28.01.10 Clarity and Incentives needed - ECOFIN conclusions of December 2009 on setting an end date for migration to SEPA By Gerard Hartsink 28.01.10 Nowhere to go but forward - Fringe observations on the Single Euro Payments Area By Javier Santamaría 28.01.10 Facing the Facts in January 2010 - The EPC Newsletter tracks the progress of SEPA implementation By Herman Segers 28.01.10 The Road Show - EC expected to harmonise rules for cross-border cash transport by road By Leonor Machado 28.01.10 Everybody loves E! - The role of the EPC in the creation of e-SEPA By Gerard Hartsink 28.01.10 Food for Thought - The EC Expert Group on e-Invoicing Final Report By Charles Bryant 28.01.10 The big Picture - Dematerialisation of business processes - in payments and beyond By Peter Potgieser