The European Payments Council ( ) issues the draft Instant Credit Transfer scheme rulebook ( rulebook) (EPC004-16; see ‘related files’ below) for a public consultation taking place between 12 April and 10 July 2016. The document setting the maximum amount per instruction and explaining the governance process to review this maximum amount outside the regular scheme rulebook release management cycle is also available for the public consultation (EPC023-16; see ‘related files’ below).
The draft rulebook outlines the proposed detailed business and technical rules of the future scheme which will be an optional scheme.
All stakeholders are encouraged to participate in the public consultation and to share their feedback on the proposed rulebook and the maximum amount per instruction by sending the completed response template (EPC060-16; see ‘related files’ below) by email to change-request.EPCfirstname.lastname@example.org, by 10 July 2016 at the latest.
The publication of the formal first version of the rulebook is foreseen for November 2016. The scheme itself would enter into force in November 2017, to leave enough time for interested payment service providers to implement the scheme in their organisations.
For more information, refer to this dedicated EPC website page.