EPC Plenary Meeting Update

EPC Plenary Meeting Update

Main decisions taken in December 2012

17 October 13

Share This
Credit Transfer and Direct Debit Rulebooks: next scheme change management cycle takes place in 2014. The rulebooks to be published in November 2014 will take effect in November 2015.

In November 2012, the European Payments Council () published the Credit Transfer () Rulebook version 7.0, the Direct Debit (SDD) Core Rulebook version 7.0 and the SDD Business to Business (B2B) Rulebook version 5.0 (for more information, see the Blog of 30 November 2012 included with the 'related links' below). Based on the established release management cycle, the updated versions of the rulebooks published in November 2012, would normally take effect on 16 November 2013. Stakeholders in the euro area however, are currently working towards achieving compliance with the 'Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro' (see 'related links' below). This legislative act is commonly referenced as the Single Euro Payments Area () Regulation. It defines 1 February 2014 as the deadline in the euro area for compliance with the core provisions of this Regulation. As a result, and as previously communicated, the decided in June 2012 to postpone the effective date for the Rulebook version 7.0, the Rulebook version 7.0, the Rulebook version 5.0 and associated implementation guidelines (), from 16 November 2013 to 1 February 2014. Ordinarily, the publishes updated versions of the rulebooks once annually, in November of each year. These updated versions then usually take effect in the third week of November of the following year. To avoid duplication of costs and efforts within one year and to provide planning security to all stakeholders based on stable rulebook versions in the period following migration to and SDD in the euro area, the Plenary decided in December 2012 to postpone publication of the next generation rulebooks to November 2014. These rulebook versions ( Rulebook version 8.0, Rulebook version 8.0, Rulebook version 6.0 and associated ) will then take effect in November 2015. For detailed information, refer to the article ' and SDD: the Next Generation Rulebooks Will be Published in November 2014 to Take Effect in November 2015. The process leading to the publication of new rulebook versions will roll out at the start of 2014' (see 'related articles in this issue' below).

The Plenary approves the 'Clarification Paper: Credit Transfer and Direct Debit'

In December 2012 the Plenary approved publication of a clarification paper (the paper), which addresses operational aspects related to the and SDD Schemes. The paper seeks to ensure consistent implementation of the and SDD Rulebooks by payment service providers participating in the schemes. The paper provides guidance and, where feasible, recommendations to scheme participants on how to handle situations that are not as such described in the rulebooks. It covers the following aspects: character set, pre-notification, sequence types for SDD collections, R-transactions (refunds, returns, rejects, reversals, revocations, requests for cancellation) and currency conversion. A link to the paper, which will be updated from time to time as required, is included at the end of this article. For detailed information, refer to the article ' Addresses Operational Aspects Relevant to Payment Service Providers Participating in the and SDD Schemes. The newly issued clarification paper seeks to ensure consistent implementation of the schemes across ' (see 'related articles in this issue' below).

launches a request for proposal: standards solution provider to facilitate the development, publication and maintenance of the 's

The Plenary approved launching a request for proposal (RFP) process seeking proposals from standards solution providers to support the development, publication and maintenance of the released by the . These are related to the and SDD Rulebooks. This RFP was published on the Website on 14 January 2013. Submissions should reach the by 11 February 2013. For more information and to download the RFP, refer to the 'related links' below.

Javier Santamaría is the Chair of the .

 

Related links:

EPC Blog (November 2012): SCT Rulebook Version 7.0, SDD Core Rulebook Version 7.0, SDD B2B Rulebook Version 5.0 and Associated Implementation Guidelines to Take Effect on 1 February 2014 Published

EPC Website: Clarification Paper: SEPA Credit Transfer and SEPA Direct Debit

Request for Proposal: Standards Solution Provider to Facilitate Development, Publication and Maintenance of the EPC's Implementation Guidelines

Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation (EC) No 924/2009

 

Related articles in this issue:

 

SCT and SDD: the Next Generation Rulebooks Will be Published in November 2014 to Take Effect in November 2015. The process leading to the publication of new rulebook versions will roll out at the start of 2014

EPC Addresses Operational Aspects Relevant to Payment Service Providers Participating in the SCT and SDD Schemes. The newly issued clarification paper seeks to ensure consistent implementation of the schemes across SEPA

 

Related articles in previous issues:

 EPC Newsletter Articles Published in the Section 'EPC Latest News'. Each edition of the EPC Newsletter reports on main decisions taken by the EPC Plenary



Your reactions

If you would like to comment on this article, please identify yourself with your first and last name. Your name will appear next to your comment. Email addresses will not be published. Please note that by accessing or contributing to the discussion you agree to abide by the EPC website conditions of use.