In November 2014, the European Payments Council ( ) published updated and enhanced versions of the Credit Transfer ( ) and Direct Debit ( ) Rulebooks. To ensure planning security for all market participants, publication of the new rulebook versions follows a predictable release management cycle.
In March 2016, the published an updated version 8.2 of the Rulebook which remains unchanged from a functional or technical point of view, i.e. changes introduced into the updated version are of a purely administrative nature and have no operational impact whatsoever.
The Rulebook version 8.2 takes effect on 01 April 2016 and will remain in effect until 19 November 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 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 scheme rulebooks and to enhance the involvement from end-users and technical players in the change management process. 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