Think aheadThe SEPA Scheme change management
24.04.09 By Christian Westerhaus
The evolution of the SEPA Scheme Rulebooks is subject to a transparent change management process which offers all stakeholders the opportunity to introduce suggestions for changes to the schemes. Stakeholders are also encouraged to provide feedback during public consultations preceding any updated release of a Rulebook. Christian Westerhaus outlines the SEPA Scheme change management process from initiation to implementation. The public consultation on changes possibly to be introduced into the 2010 SEPA Credit Transfer Scheme Rulebook release starts in May 2009.***
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From Suggestions for change to Change Proposal
The SEPA Schemes will evolve over time to reflect changes in market needs and updates in standards based on a transparent change management process and a predictable release schedule. These principles ensure planning security for all stakeholders. In accordance with the change management process stipulated in the SEPA Scheme Management Internal Rules annexed to each of the SEPA Rulebooks, the EPC had invited stakeholders to forward suggestions for changes to the SEPA Credit Transfer Rulebook by a deadline published well in advance on the EPC website.
In consideration of the suggestions received the EPC SEPA Payments Working Group (SPS WG) is now formulating a Change Request with regard to the 2010 SCT Rulebook Release. The preparation of the Change Request involves detailed analysis of the suggestions for changes received including a cost-benefit analysis, dialogue with the initiator and, if appropriate, market research. Based on this analysis, the SPS WG decides whether to accept a suggestion for change into the change management process or not. Initiators of any suggestions for changes are notified of the decision taken by the SPS WG. All suggestions to modify the Rulebook received by the EPC - irrespective of whether they have been accepted into the change management process - are published on the EPC website, permitting such a list to be openly viewed by all stakeholders.
The Change Request resulting from the analysis of the suggestions for change received includes a detailed description of the proposals to modify the Rulebook and the impact on the Rulebook that would result from implementing such changes.
Public consultation of the Change Request
Once the SPS WG has developed a Change Request, the process of consulting stakeholders on the Change Request is carried out. The Change Request is published on the EPC website and stakeholders are invited to provide feedback during a 90-day consultation period.
Approval and implementation of the updated Rulebook
Taking into account comments received during the consultation, the SPS WG completes a Change Proposal for submission to the EPC Plenary. When approved by the EPC Plenary in September of a given year, the updated version of the Rulebook will be released in the third week of November of the following year to allow for alignment with SWIFT message releases. The release date, therefore, is preceded by a freeze period of 12 months to allow sufficient lead time for implementation of changes.
Consultation on the 2010 SEPA Credit Transfer Rulebook release starts in May 2009
In May 2009, the EPC will release the Change Request pertaining to the 2010 SCT Scheme Rulebook release for the 90-day public consultation. In accordance with the change management process outlined above, the SPS WG will submit the related change proposal to the EPC Plenary in September 2009. Any operational changes to the SEPA Credit Transfer Scheme approved by the September 2009 Plenary will then take effect in November 2010.
Christian Westerhaus is the Chair of the EPC SEPA Payment Schemes Working Group (SPS WG).
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Other articles in this issue
24.04.09 Update EPC Plenary Meetings - Main decisions taken in March 2009 By Herman Segers 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 More is More - EPC Newsletter for Scheme Participants Herman Segers
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