SEPA Credit Transfer Rulebook

Credit transfer

In March 2016, the published an updated version 8.2 of the Credit Transfer () Rulebook, which compared to the previous version remains unchanged from a functional and technical point of view, i.e. changes introduced into the updated version have no operational impact whatsoever.

The Rulebook version 8.2 takes effect on 01 April 2016 and remains in effect until 24 December 2016.

As the main change, the version 8.2 of the Rulebook includes an updated version of the Scheme Management Internal Rules (SMIRs), which contain descriptions of the internal organisation, structure, rules, and processes that make up the scheme management of the and SDD schemes.

This new version of the SMIRs (EPC207-14 v2.0) replaces the previous SMIRs following a 90 day public consultation on the drafted new SMIRs that ended on 31 December 2015. With the new SMIRs, the aims to increase the transparency of the evolution of the and Direct Debit (SDD) rulebooks and to enhance the involvement from end-users and technical players in the change management cycle. A substantial number of major amendments have been made in Chapter 4 and Chapter 5 of the SMIRs.

To learn more about the scheme change management cycle, refer to this dedicated Website page: SCT / SDD Rulebook Release Management.

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