On 26 January 2015 the European Payments Council () published the Direct Debit () Core Rulebook version 9.0 and the Business to Business (B2B) Rulebook version 7.0. The Core Rulebook version 9.0, the B2B Rulebook version 7.0 and associated implementation guidelines (see ‘related links’ below) will take effect on 20 November 2016.
The has traditionally published updated versions of the rulebooks and associated implementation guidelines once annually in November to take effect in November of the next year. Exceptionally, the resolved to publish the Rulebook versions to take effect in November 2016 in January 2015.
This decision was made to give payment service providers () participating in the Single Euro Payments Area () payment schemes an extended lead-time to implement principal changes incorporated in the Core Rulebook version 9.0 and B2B Rulebook version 7.0 prior to them taking effect. The Core Rulebook version 9.0 introduces a shorter standard time cycle. Both the Core Rulebook version 9.0 and B2B Rulebook version 7.0 have been amended to simplify the use of sequence types.
The public consultation on possible modifications to be incorporated into next generations rulebooks carried out by the in 2014 identified broad support to amend the Core Rulebook as regards the standard time cycle and both the Core and B2B Rulebooks as regards the use of sequence types. A majority of scheme participants advocated implementing related changes by November 2016 to allow for sufficient time to update processes and operations.
The main changes introduced into the Core Rulebook version 9.0 and B2B Rulebook version 7.0 were previously described in a dedicated article published in the October 2014 edition of the Newsletter (see ‘related links’ below).
Main change included with the Core Rulebook version 9.0: as of the effective date of November 2016 of the Core Rulebook version 9.0, all collections presented for the first time, on a recurrent basis or as a one-off collection can be presented up to one interbank business day prior to the due date. This change does not impact the creditor as the creditor can continue to use the currently applicable Core collection timelines after November 2016.
Main change included with the Core Rulebook version 9.0 and B2B Rulebook version 7.0: the Rulebooks currently require that the payment message sent by the creditor’s bank to request a direct debit collection specifies whether the transaction is a first, one-off, recurrent or last collection. These specifications are also referred to as ‘sequence types’. The Core Rulebook version 9.0 and B2B Rulebook version 7.0 have been amended to simplify the use of sequence types by making the sequence type ‘first’ optional. This change does not impact creditors collecting payments.
The rulebook release management process applicable until November 2017
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 current Credit Transfer () Rulebook version 7.1, Core Rulebook version 7.1 and B2B Rulebook version 5.1 remain in effect until November 2015.
- The Rulebook version 8.0, Core Rulebook version 8.0 and B2B Rulebook version 6.0, published in November 2014, will take effect on 22 November 2015. The Rulebook version 8.0 will remain in effect until November 2017. The Core Rulebook version 8.0 and B2B Rulebook version 6.0 will remain in effect until November 2016.
- The Core Rulebook version 9.0 and B2B Rulebook version 7.0, published in January 2015, will take effect on 20 November 2016 and remain in effect until November 2017.
The rulebook versions listed above will be further amended during 2015 to include updated Scheme Management Internal Rules (SMIRs). Changes to the SMIRs have no operational impact whatsoever.
The next scheme change management cycle will roll out in 2016 / 2017. As previously reported, there will be no further scheme change cycle in 2015. The period for stakeholders to submit suggestions for changes to the published rulebooks is open and will end on 31 December 2015. These suggestions will then be considered with regard to the rulebook versions to be published in 2016 to take effect in 2017.
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