The European Payments Council ( ) makes available the brochure ' for Consumers' which summarises key Single Euro Payments Area ( ) concepts relevant for consumers in non-technical language. For additional helpful information, please also refer to the following pages on the Website:
- SEPA Customers.
- International Bank Account Number (IBAN) and Business Identifier Code (BIC).
- SEPA Direct Debit: the Creditor-Driven-Mandate Flow (CMF).
The invites readers to be mindful of the European Union ( ) 'Regulation ( ) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation (EC) No 924/2009' (the Regulation) adopted by the legislator in February 2012. The Regulation defines 1 February 2014 as the deadline in the euro area for compliance with the core provisions of this Regulation. In non euro countries, the deadline will be 31 October 2016. Effectively, this means that as of these dates, existing national euro credit transfer and direct debit schemes will be replaced by Credit Transfer ( ) and Direct Debit ( ). For more information on the Regulation, refer to this page on the Website: SEPA Legal and Regulatory Framework.
The jurisdictional scope of the Schemes currently consists of the 28 Member States plus Iceland, Norway, Liechtenstein, Switzerland, Monaco and San Marino. Please refer to the List of SEPA Scheme Countries.