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The Principles Governing the SEPA Direct Debit Core Scheme (supporting document) 21.02.11

This document (EPC017-11) outlines the arguments of the European Payments Council (EPC) supporting the amendments proposed by the EPC to section 3 (c), (d) and (e) of the annex to the European Commission's proposal for a regulation establishing technical requirements for credit transfers and direct debits in euros.

The technical requirements set out in section 3 (c), (d) and (e) of the annex applicable to euro direct debit transactions disregard the preferences of the vast majority of consumers in EU member states using direct debits today.