The Single Euro Payments Area ( ) Payment Scheme Management Rules contain descriptions of the organisation, structure, rules, and processes that make up the scheme management of the Credit Transfer ( ) and Direct Debit ( ) schemes.
Such processes cover administration and compliance, and change management, including structured dialogue with stakeholders.
The version 4.4 of the Payment Scheme Management Rules (EPC207-14 v4.4) is in effect as of 11 January 2022 and remains in effect up to 25 April 2023.
The version 4.5 of the Payment Scheme Management Rules enters into force as of 25 April 2023 and will remain in effect until further notice. This version reflects a new composition formula to be applied as of 25 April 2023 for allocating the seats of scheme participant-related members of the Scheme Management Board (SMB) with more seats being reserved for the scheme participant-related SMB members. As of 25 April 2023, the SMB will also be renamed into the PSMB (Payment Scheme Management Board).