On 14 November 2023, the European Payments Council (EPC) published the updated version 1.3 of the 2021 SEPA Direct Debit Core (SDD Core) rulebook. Version 1.3 has no specific impact on business and operational rules as stated in versions 1.0, 1.1 and 1.2 of the 2021 SDD Core rulebook.
The only material change to version 1.3 of the 2021 SDD Core rulebook is the replacement of the SEPA Payment Scheme Management Rules version 4.5 with the EPC Payment Scheme Management Rules version 5.0.
The reason is that as of 28 November 2023, version 5.0 of these Rules will apply to all four SEPA payment schemes (including the SDD Core scheme) and to the One-Leg Out Instant Credit Transfer (OCT Inst) scheme which is formally launched on that same date.
The 2021 SDD Core rulebook version 1.3 enters into force on 28 November 2023 and remains in effect up to and including 16 March 2024. Annex IV of the 2021 SDD Core rulebook version 1.3 lists all changes compared to the versions 1.0, 1.1 and 1.2 of the 2021 SDD Core rulebook.