Every Vote Counts! A friendly reminder to participate in the 2012 public consultation on the evolution of the Schemes
On 16 May 2012, the European Payments Council () launched the annual public consultation on possible modifications to the Credit Transfer () and Direct Debit (SDD) Scheme Rulebooks. The encourages all Single Euro Payments Area () stakeholders to provide feedback by 13 August 2012. The and SDD Schemes evolve over time based on a transparent change management process adhered to by the . This evolution reflects changes in market needs and updates of technical standards. The annual scheme change management cycle offers all market participants a unique opportunity to shape the future of euro payments - so do not miss it!
For details on the principles governing the annual scheme change management cycle, refer to the Scheme Management Internal Rules (see 'related links' below). The document contains a description of the internal organisation, structure, rules, and processes that make up the scheme management of the and SDD Schemes. Such processes cover administration and compliance as well as scheme change management, including structured dialogue with stakeholders. The Scheme Management Internal Rules are considered an integral part of the scheme rulebooks.
Any stakeholder may introduce suggestions for changes to the and SDD Rulebooks. All suggestions for changes to the rulebooks are evaluated by the Payment Schemes Working Group and are consolidated into a single change request per rulebook (the Rulebook, the Rulebook and the SDD Business to Business (B2B) Rulebook):
- Rulebook Change Request Consultation Document 2012 (see 'related links' below): to share your feedback please complete the online questionnaire posted at http://www.smart-survey.co.uk/v.asp?i=52371yemfd.
- Rulebook Change Request Consultation Document 2012 (see 'related links' below): to share your feedback please complete the online questionnaire posted at http://www.smart-survey.co.uk/v.asp?i=52410djgse.
- Rulebook Change Request Consultation Document 2012 (see 'related links' below): to share your feedback please complete the online questionnaire posted at http://www.smart-survey.co.uk/v.asp?i=52471iyxtm.
In addition, the publishes a change request which details proposed changes to the Scheme Management Internal Rules:
- Scheme Management Internal Rules Change Request Consultation Document 2012 (see 'related links' below): to share your feedback please complete the online questionnaire posted at http://www.smart-survey.co.uk/v.asp?i=52472mdfbv.
Should you encounter any technical difficulties in accessing or completing the questionnaires, please contact the Secretariat at firstname.lastname@example.org. Proposed changes detailed in the change requests, which are broadly accepted by all stakeholders, are taken forward.
In February 2012, the European legislator adopted the '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' (the Regulation). The and SDD Schemes will have to comply with the technical requirements detailed in Article 5 and in the Annex to the Regulation. Some of the change suggestions submitted with this year's public consultation have been introduced by the in order to ensure the schemes' compliance with the Regulation. For further details on the impact of the Regulation on the future evolution of the Schemes, refer to the Newsletter article 'The New European Decision-Making Landscape: How the European Commission Rules Through 'Delegated Acts'. Regulation empowers the European Commission to mandate technical requirements applicable to payment schemes' (see 'related articles in previous issues' below).
Important notice to all stakeholders: the effective date of the next versions of the and SDD Rulebooks will be 1 February 2014
To ensure planning security for all market participants, publication of updated versions of the and SDD Rulebooks follows an established change and release management cycle. The publishes updated versions of the rulebooks once annually, in November of each year. These updated versions normally take effect in the third week of November of the following year. In accordance with industry best practice, payment service providers and their suppliers therefore have sufficient lead time to address rulebook updates prior to such changes taking effect.
The next version of the and SDD Rulebooks ( Rulebook version 7.0, Rulebook version 7.0 and SDD Business to Business (B2B) Rulebook version 5.0), will be published in November 2012. Based on the established release management cycle, the updated versions should take effect on 16 November 2013.
stakeholders however, are currently working towards achieving compliance with the Regulation, which defines 1 February 2014 as the deadline in the euro area for compliance with the core provisions of this Regulation. Effectively, this means that as of these dates, existing national euro credit transfer and direct debit schemes will be replaced by and SDD.
As a result, the decided to postpone the effective date for the Rulebook version 7.0, Rulebook version 7.0 and Rulebook version 5.0, from 16 November 2013 to 1 February 2014. This allows market participants sufficient time to adapt their systems and operations to comply both with the Regulation and the updated versions of the rulebooks.
The effective date of the rulebook versions published in November 2011 remains unchanged:
- The Rulebook version 6.0 will go live on 17 November 2012 (see 'related link' to ' 2012 Rulebook' below).
- The Rulebook version 6.0 and the Rulebook version 4.0 will go live on 17 November 2012 (see 'related link' to 'SDD 2012 Rulebooks' below).
Etienne Goosse is the Secretary General.
Related articles in this issue:
Related articles in previous issues:
The New European Decision-Making Landscape: How the European Commission Rules Through 'Delegated Acts'. SEPA Regulation empowers the European Commission to mandate technical requirements applicable to SEPA payment schemes ( Newsletter, Issue 13, January 2012)
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