Friendly Reminder: Suggestions for Changes to SEPA Credit Transfer and...

Friendly Reminder: Suggestions for Changes to SEPA Credit Transfer and SEPA Direct Debit Rulebooks Are Invited by 31st December 2015

29 May 15

Share This

On 26 January 2015, the European Payments Council () published the Direct Debit (SDD) Core Rulebook version 9.0 and the SDD Business to Business (B2B) Rulebook version 7.0. The Rulebook version 9.0, the Rulebook version 7.0, and associated implementation guidelines (see ‘related links’ below) will take effect on 20 November 2016. The period for stakeholders to submit suggestions for changes to the published rulebooks is open and the would like to take this opportunity to encourage all interested parties and stakeholders to submit their suggestions before the 31 December 2015 deadline. These suggestions will then be considered with regard to the rulebook version to be published in November 2016 to take effect in November 2017. As previously reported, there will be no further scheme change cycle in 2015. The will reach out to all interested parties in the course of 2015 to engage in the next scheme change management cycle.

The has traditionally published updated versions of the scheme rulebooks and associated implementation guidelines once annually in November to take effect in November of the next year. Exceptionally, the published the Rulebook version 9.0 and the Rulebook version 7.0 in January 2015. This decision was made to give payment service providers () participating in the payment scheme and their suppliers an extended lead-time to implement principal changes incorporated in the 2016 SDD Rulebooks prior to them taking effect.

This blog recaps the scheme change management process and the rulebook release management process applicable until November 2017, as well as highlighting the main features of the Scheme End-User Forum and Scheme Technical Forum and inviting interested eligible organisations to apply for participation.

Recap: the scheme change management process

The launched the Credit Transfer () Scheme in January 2008 and the and Schemes in November 2009. The payment schemes, as set out in the and SDD Rulebooks, evolve based on a transparent change management process adhered to by the . This evolution reflects changes in market needs and updates of technical standards. The principles governing the evolution of the Schemes are set out in the Scheme Management Internal Rules, which are an integral part of the rulebooks.

The scheme change management process provides all stakeholders with the opportunity to participate; i.e. to introduce suggestions for changes to the schemes. All suggestions for changes to the rulebooks received are evaluated by the and consolidated into a single change request document per rulebook. All proposed changes to the schemes are then released with the change request documents for a three-month public consultation. Proposed changes to the schemes that find broad acceptance in the entire stakeholder community and are technically and legally feasible are taken forward. Proposed changes that lack such broad support are not – regardless of whether such a change is proposed by a or by a user representative. This ensures that the and SDD Schemes evolve in line with the requirements of the majority of market participants.

Rulebook release management process applicable until November 2017

On 3 April 2015, the published the Rulebook version 8.1, Rulebook version 8.1 and Rulebook version 6.1 which remain unchanged from a functional or technical point of view, i.e. changes introduced into the updated versions are of a purely administrative nature and have no operational impact whatsoever. These rulebook versions include amended Scheme Management Internal Rules (see ‘related links’ below). The Scheme Management Internal Rules contain descriptions of the internal organisation, structure, rules, and processes that make up the scheme management of the and SDD Schemes.

The Rulebook version 8.1, Rulebook version 8.1 and Rulebook version 6.1 will take effect on 22 November 2015. In accordance with industry best practice, and their suppliers have sufficient lead time to address rulebook updates prior to them taking effect.

With the publication of the next generations of rulebooks, the has ensured planning security for all stakeholders in for the period 2015 through 2017. The rulebook release management process applicable until November 2017 is as follows:

  • The Rulebook version 7.2, Rulebook version 7.2 and Rulebook version 5.2 currently in effect remain in effect until November 2015.
  • The Rulebook version 8.1, Rulebook version 8.1 and Rulebook version 6.1 will take effect on 22 November 2015. The Rulebook version 8.1 will remain in effect until November 2017. The Rulebook version 8.1 and Rulebook version 6.1 will remain in effect until November 2016.
  • The Rulebook version 9.1 and the Rulebook version 7.1 will take effect on 20 November 2016 and remain in effect until November 2017.

Scheme End-User Forum and Scheme Technical Forum

The evolution of the and SDD Schemes relies on close dialogue between the as the scheme manager and the representatives of the demand side of the payments market, as well as providers developing technical solutions which help the market to fully reap the benefits. With the adjusted governance model operational, the constitutes the following two new bodies: the Scheme End-User Forum (SEUF) and the Scheme Technical Forum (ESTF). Details on the role of these new bodies are set out in section 4.4 of the document ‘ Scheme Management Internal Rules’ (see ‘related links’ below). There are currently available slots for European end-user associations on the SEUF and for pan-European technical providers on the ESTF. The , therefore, invites interested eligible organisations to apply for participation in the Scheme End-User Forum and the Scheme Technical Forum, respectively.

Recap: the new governance model

As previously reported, with the main phase of the migration to harmonised payment schemes in the euro area complete, the resolved to adapt its governance model. For more information, refer to the Blog, entitled ‘European Payments Council 2.0: the has adapted its structure to further enhance governance and stakeholder involvement’ (see ‘related links’ below). The new governance model became operational with the publication of the revised Charter in February 2015 followed by the publication of the amended document ‘ Scheme Management Internal Rules’ in April 2015.

The has pointed out that the adjustments to its governance model are of an evolutionary rather than a revolutionary nature. They contribute to ensuring that the meets its purpose, which is to support and promote European payments integration and development, notably . The primary objective of this evolution is to ensure that the continues to be best equipped to perform its main task, i.e. to manage the and SDD Schemes, in an efficient and transparent manner.

Scheme End-User Forum: call for candidates

Dialogue with representatives of payment service users previously took place in the ’s Customer Stakeholder Forum established in 2007. This cooperation will be further enhanced and formalised with the creation of the new Scheme End-User Forum.

The recently issued a call for candidates nominated by European Associations representing the demand side of the payments market, who seek appointment to the Scheme End-User Forum to become effective in the second quarter of 2015. There are still a few vacancies. It is anticipated that the Scheme End-User Forum will meet physically or by telephone conference at least twice yearly. The composition of, and the criteria for membership in, the Scheme End-User Forum are described in the document ‘Profile – Member of Scheme End-User Forum (SEUF)’ (see ‘related file’ below). Application letters including an up-to-date CV in English are invited to: SEUF@epc-cep.eu.

Scheme Technical Forum: call for candidates

To strengthen the dialogue between the and the -compliant clearing and settlement mechanisms (CSMs), the ‘ Clearing and Settlement Forum’ was created in 2011. With the new governance model operational, the Clearing and Settlement Forum will be replaced by the new Scheme Technical Forum. The scope of the new Scheme Technical Forum will be expanded to allow the dialogue with representatives of CSMs as well as technology and service providers developing technical solutions.

The recently issued a call for candidates representing CSMs or technology and technical providers, who seek appointment to the Scheme Technical Forum to become effective in the third quarter of 2015. There are still a few vacancies for pan-European service providers. It is anticipated that the Scheme Technical Forum will meet physically or by telephone conference at least twice yearly. The composition of, and the criteria for membership in, the Scheme Technical Forum are described in the document ‘Profile – Member of Scheme Technical Forum (ESTF)’ (see ‘related links’ below). Application letters including an up-to-date CV in English are invited to: ESTF@epc-cep.eu.

remains a work in progress. The is ready and looks forward to making the next steps in the process in close dialogue with all stakeholders.

Related links:
 


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.