Publication of the 2019 EPC SEPA scheme rulebooks

Publication of the 2019 EPC SEPA scheme rulebooks

22 November 18

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The Single Euro Payments Area ( ) scheme rulebooks are updated every two years to reflect market needs and evolutions in the technical standards. We have just published the new versions of the four scheme rulebooks as a result of the rulebook change management cycle that started in 2017. All scheme participants and stakeholders had the opportunity to submit rulebook change requests by December 2017. Over 40 change requests had been received and they were subject to a 90-calendar day public consultation that ended in June 2018.

The Scheme Management Board (SMB) assessed the comments received from various stakeholders on these change requests and has decided to include the following change requests in the 2019 scheme rulebooks:

  • A clarification in the four scheme rulebooks about which scheme participants must comply with the mandatory Customer-to-Bank (C2B) Implementation Guidelines ( ) of these rulebooks;
  • A transaction containing an IBAN but not the related BIC, can be transmitted by the Originator or Creditor to the Originator Bank or Creditor Bank respectively, even if one of the two scheme participants covered by that transaction is based in a non- country;
  • Inclusion of additional and r-transaction reason codes related to clearing and settlement-specific issues
  • Inclusion of usage rules in the and C2B how a Beneficiary can make a ‘Repayment’ to transfer back funds to the Originator when the Beneficiary has not received the IBAN of the payment account of the Originator in the original or transaction;
  • Several changes to the existing and Recall and Request for Recall by the Originator (RFRO) procedures;
  • Inclusion of a separate annex as a formal rulebook option in the rulebook facilitating the transmission of multiple occurrences of structured remittance information per single transaction (Extended Remittance Information option); 
  • A third rulebook option for scheme participants if they wish to agree on a shorter hard time-out deadline among themselves;
  • Clarifications in rulebook on the concrete point in time where an instruction turns into an transaction, and that the current maximum amount applies to both instructions and transactions.

To ensure planning security for all market participants, the publication of the new rulebook versions follows a predictable release management cycle. In accordance with industry best practice, payment service providers and their suppliers have enough time to address the rulebook updates ahead of 17 November 2019, when these updates come into effect.

2019 SEPA Credit Transfer rulebook version 1.0
2019 SEPA Instant Credit Transfer rulebook version 1.0
2019 SEPA Direct Debit Core rulebook version 1.0
2019 SEPA Direct Debit Business-to-Business rulebook version 1.0 

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