Version
v4.2

SEPA Scheme Management Internal Rules

The Single Euro Payments Area Scheme Management Internal Rules (SMIRs) contain descriptions of the internal organisation, structure, rules, and processes that make up the scheme management of the Single Euro Payments Area Credit Transfer ( Credit Transfer) and Single Euro Payments Area Direct Debit () schemes. Such processes cover administration and compliance, and change management, including structured dialogue with stakeholders.

The version 4.2 of the SMIRs (EPC207-14 v4.2) is in effect as of 1 January 2019 and remains in effect until further notice. 
It includes a new section 3.1.11.1 on voting by written procedure by the Scheme Management Board (SMB) and several rewordings in the section 3.2.3.3 on the National Adherence Support Organisation. 

The version 4.2 also contains a new section 4.2.2.2 covering the dialogue between the and its Overseer, and a new section 4.5 describing the process for making changes to the Risk Management Annexes. These SMIRs no longer make any reference to the Certification Authority Supervisory Board (CASB) set up for the e-Mandate option under the scheme rulebooks. The SMB decided to disband the CASB as of 1 January 2019.
 

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