SEPA Direct Debit Core Rulebook

On 3 April 2015, the European Payments Council ( ) published an updated version 7.2 of the Direct Debit ( ) Core Rulebook, becoming effective on that same day. The Rulebook version 7.2 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.

As the main change, this rulebook version 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 Credit Transfer and Schemes. To learn more about scheme management and the SMIRs, click here.

Annex III of the Rulebook version 7.2 lists all editorial changes compared to the previous version 7.1.

Here you find the Rulebook version 7.2 which takes effect on 3 April 2015. The Rulebook version 7.2 remains in effect until 21 November 2015.

Recap of the version history of the Rulebook which is in effect until 21 November 2015:

  • In November 2012, the published an updated and enhanced version 7.0 of the Rulebook. In accordance with industry best practice, payment service providers and their suppliers had sufficient time to address rulebook updates prior to them taking effect.
  • On 27 January 2014, the published version 7.1 of the Rulebook, which entered into force on 1 February 2014. The Rulebook version 7.1 had been updated to incorporate a few editorial amendments only compared to the version 7.0 published in November 2012. As a main change, the updated rulebook version no longer referenced the concept of a ‘Pan-European Automated Clearing House (PE-ACH)’ nor the document, entitled ‘PE-ACH/Clearing and Settlement Mechanism (CSM) Framework’.
  • As mentioned above, on 3 April 2015, the published version 7.2 of the Rulebook to include revised SMIRs.

To view the Rulebook version to take effect on 22 November 2015, click here.

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