Issue 2 - April 2009
EPC Latest News
Update EPC Plenary MeetingsMain decisions taken in March 2009
24.04.09 By Herman Segers
The European Payments Council (EPC) is the banking industry's decision making and coordination body in relation to payments. Decisions of the EPC are taken by its Plenary which consists of 74 members comprising banks and banking associations representing all banks in 31 SEPA countries. The Plenary convenes four times annually. Herman Segers reports on the main decisions taken at the March 2009 EPC Plenary meeting including: confirmation of November 2009 as the launch date for the SEPA Direct Debit Schemes; approval of recommendations on the EPC SEPA migration policy; approval of the SDD Core Direct Debit Rulebook version 3.3 and release of the SEPA B2B Direct Debit Rulebook version 1.2 for public consultation on the optional e-mandate feature. Links to other articles in this Newsletter providing detailed reporting on these decisions are included here.***
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Confirmation of November 2009 as the launch date for the SEPA Direct Debit Schemes
The Plenary resolved to mandate the EPC Scheme Management Committee to start its task of approving the required SDD adherence agreements for the two SEPA Direct Debit Schemes by 1 May 2009 so as to enable banks to start offering SEPA Direct Debit Services from 2 November 2009 onwards. The Plenary also approved the guidelines for adherence to the SEPA Direct Debit Schemes (the SDD Adherence Guide). For further details please see the articles "SEPA Direct Debit: the Green Light" and "The Doors are open: Guidelines for adherence to the two SEPA Direct Debit Schemes now available".
Approval of the SEPA Core Direct Debit Scheme Rulebook version 3.3 and adjacent deliverables
The Plenary approved the SEPA Core Direct Debit Rulebook version 3.3 and the related Interbank Implementation Guidelines and Customer-to-bank Implementation Guidelines. In addition, the Plenary approved the Implementation Guidelines for the e-Mandate XML messages (the SEPA Core Direct Debit Rulebook version 3.3 and adjacent documentation is available at www.europeanpaymentscouncil.eu / SEPA Direct Debit).
Version 3.2 of the Rulebook approved in December 2008 featured the inclusion of the rules for the e-Mandate solution as an optional service for Core SDD Scheme Participants to deploy. It was documented as a separate annex (Annex VII) specifically to facilitate those who are intending to offer it. As indicated in December 2008, the following non-operational changes have now been made:
- The rules facilitating the legal validity of mandates given by customers for the current national legacy direct debit services also to be used for services based on the SEPA Scheme have been finalised. They assist Scheme Participants in avoiding breach of the Rulebook in respect of legacy mandates. They do not impose any obligation on Scheme Participants or (national) communities of the current legacy schemes to carry out migration of legacy mandates in any particular way (or at all). For further details please see the article "Creditors: Help is here. EPC introduces rules on the use of legacy mandates under the SDD Scheme".
- Residual legal issues have been addressed
- Annex I relating to the adherence agreement was modified in accordance with the agreed SDD Adherence Guide.
In addition, minor modifications have been made to:
- accommodate the participation of non-EEA countries in the Scheme
- to clarify section 5.16 on the application of the Payment Services Directive between Participants from 1 November 2009
- to clarify section 5.9 relating to liability of Scheme Participants.
As usual, the change list in Annex III of the Rulebook gives details of those changes made and a new Annex VIII lists the major differences in the Scheme between the use of paper or e-mandates.
Version 3.3 of the Core SDD Rulebook is the basis for the implementation of the Core SDD Scheme from November 2009, replacing version 3.2 of the SDD Core Scheme.
Scheme Participants shall be contractually bound by the provisions of the SDD Core Rulebook version 3.4 as approved by the EPC September 2009 Plenary and published on the EPC website immediately afterwards. The SDD Core Rulebook version 3.4 shall become effective on the launch date (2 November 2009). The changes to be made to the current SDD Core Rulebook (version 3.3) will not have any operational impact on the Scheme and are detailed already in Annex IX of the SDD Core Rulebook version 3.3. For further details please see the article "The Preview: Rulebook Release Management 2009".
Approval of the SEPA B2B DD Scheme Rulebook version 1.2 for public consultation
For details regarding the ongoing public consultation of the SEPA B2B Direct Debit Scheme Rulebook please see the article "SEPA B2B Direct Debit Scheme: the E-Mandate Feature. Public consultation going on now".
Approval of the EPC M-Channel Roadmap
The Plenary approved the EPC Roadmap for M-Payments. Going forward, proximity payments should be addressed as a priority. For further details please see the article "SEPA at your Fingertips" in this Newsletter.
Approval of recommendations regarding SEPA Migration
The Plenary agreed the EPC position on an end date for migration of the current euro payment services of banks to services based on the SEPA Schemes. For further details please refer to the article EA22A0-CBF5-8E18-7A01D2C6A1750EB5">"SEPA only: The EPC Vision" in this Newsletter.
Approval to accept the application of Monaco to join SEPA
The Plenary approved the application of the Principality of Monaco to join SEPA and, consequently, the eligible Monegasque institutions are permitted to adhere to SEPA Schemes in accordance with the relevant EPC adherence procedures.
Herman Segers is the Secretary General of the EPC.
Other articles in this issue
24.04.09 The Preview - Rulebook Release Management 2009 By Christian Westerhaus 24.04.09 SEPA only: the EPC Vision - EPC recommendations on end date for SEPA migration By Gerard Hartsink 24.04.09 New EPC Publications now online - Everything you need to know about SEPA By Meral Ruesing 24.04.09 Going global - The new ISO Creditor Reference By Olli Kähkönen 24.04.09 A mixed Bag - European Parliament approves revised Regulation 2560/2001 on cross-border payments By Séverine Anciberro 24.04.09 PSD Implementation: six Months to go - Will Member States meet the deadline? By Ruth Wandhöfer 24.04.09 New Kids on the Block - An introduction to payment institutions By Ruth Wandhöfer 24.04.09 Every Road has got to end somewhere: the Need for a SEPA Migration End Date - Re-emphasised by the European Central Bank By Wiebe Ruttenberg and Monika Hempel 24.04.09 Great Expectations - E-invoicing: time to seize the opportunity By Charles Bryant 24.04.09 Overcoming the Homer Simpson in us - How to create a less-cash society By Leo Van Hove and Leonor Machado 24.04.09 Facing the Facts in April 2009 - EPC tracks progress of SEPA implementation By Herman Segers 24.04.09 Missing in Action, mostly - Public sector lags behind in SEPA implementation By Gerard Hartsink 24.04.09 On Bananas and the Integration of Euro Payments - The SEPA commitment of EU governments By Herman Segers 24.04.09 ECOFIN Council Conclusions: Annual Progress Report on the State of SEPA Migration - European Commission reports on migration by public authorities By Zuzana Kalivodova 24.04.09 SEPA at your Fingertips - The EPC Roadmap for Mobile Payments By Dag-Inge Flatraaker 24.04.09 SEPA Direct Debit: the Green Light - EPC launches SEPA Direct Debit Schemes in November 2009 By Gerard Hartsink 24.04.09 The Doors are open - Guidelines for adherence to the SEPA Direct Debit Schemes are now available By Gerhard Singer 24.04.09 Creditors: Help is here - EPC introduces rules on the use of legacy mandates under the SDD Scheme By Kevin Brown 24.04.09 SEPA B2B Direct Debit: the E-Mandate - Public consultation is going on now By Christian Westerhaus 24.04.09 Think ahead - The SEPA Scheme change management By Christian Westerhaus 24.04.09 More is More - EPC Newsletter for Scheme Participants Herman Segers
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