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1.4

SEPA Payment Scheme Participation Fees - Policy and Invoicing Guidelines

In accordance with the relevant provisions of the Scheme Management Internal Rules (SMIRs), the establishes each year the following year’s payment scheme participation fees to recover the costs related to the Payment Scheme Management function performed by the and the Payment Scheme Management governance bodies.

The purpose of the present document is to clarify the administrative rules put in place to ensure the effective collection of payment scheme participation fees, as defined in the SMIRs.

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