The Readiness Date (or Effective Date) is the date by which a Participant will effectively adhere to a Scheme. It is the date by which the Participant will be considered fully reachable for sending/receiving payments under the selected scheme. The Readiness Date shall be duly confirmed in advanced by the selected CSM provider, and such confirmation shall be sent to the EPC Secretariat as part of the adherence documents, at the time of the application.
By declaring a date for adherence to and registration in the Scheme, the Scheme Participant is assumed to be and must have taken steps to be operationally ready.