Knowledge Bank
Other SEPA Information
First Annual Progress Report on the State of SEPA Migration in 2008 27.09.09
This report responds to the ECOFIN Council conclusions of 22 January 2008, in which the ECOFIN Council invited 'the Commission in cooperation with the ECB to provide an annual progress report on the state of SEPA migration, including where relevant the pricing of SEPA instruments and the enhancement of competition within the SEPA area as well as other SEPA related developments at the end of each year until the successful migration of a critical mass of different payment instruments has been achieved and at the end 2008, 2009 and 2010 in any event.'
Beyond general aspects of migration, this report pays particular attention to the SCT migration status in the public sector across Europe based on a survey undertaken by the Commission.
Concerning the SDD, the report aims at analysing operational preparedness and points out outstanding issues which need to be addressed and resolved by Member States as a matter of urgency.
As regards payment cards, the report provides an evaluation of EMV compliance, one of the important building blocks of the SCF.
