SEPA Instant Payments

SCT Inst Consultation


The European Payments Council (EPC) organised a 90 day public consultation that ended on 10 July 2016 on its proposed Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) Rulebook.

The EPC then consolidated over 350 comments received during the public consultation for further analysis and presented the main categories of comments to the EPC Stakeholder Forums (i.e. the EPC Scheme Technical Forum (ESTF) and the EPC Scheme End-User Forum (SEUF) at their respective meetings in August 2016. Taking into account all comments and the feedback from the EPC Stakeholder Forums, the EPC then finalised and published the version 1.0 of the 2017 SCT Inst Rulebook on 30 November 2016.

In the section ‘EPC Technical documents’ below, you find the EPC document containing all comments received from this public consultation with a formal EPC response to each single comment.

The EPC develops the SEPA payment schemes in close dialogue with all stakeholders. The SCT and SEPA Direct Debit (SDD) schemes, as set out in the SCT and SDD rulebooks, evolve based on a transparent change management process adhered to by the EPC. The principles governing the evolution of the SEPA schemes are set out in the Scheme Management Internal Rules, which are an integral part of the rulebooks.

The scheme change management process provides all stakeholders with the opportunity to participate; i.e. to introduce change requests to the schemes.

The next scheme change management cycle will take place in 2018. Stakeholders are invited to submit change requests to the SCT Inst Rulebook by 31 December 2017 by completing a dedicated template. The received change requests will be considered with regard to the rulebook versions and associated implementation guidelines to be published in November 2018, and to take effect in November 2019.

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