Publication of the updated SPAA scheme rulebook

Publication of the updated SPAA scheme rulebook

26 June 23

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Today the European Payments Council (EPC) publishes the updated version (1.1) of the SEPA Payment Account Access (SPAA) scheme rulebook, which replaces with immediate effect version 1.0 (published in November 2022). Version 1.1 of the rulebook will come into effect on 30 November 2023.

The main changes in version 1.1 of the SPAA scheme rulebook can be summarised as follows:

  • Inclusion of extended sections regarding strong customer authentication (SCA), which take into account the outcome of the related public consultation that ended on 15 March 2023.
  • Definition of a minimum viable product (MVP) - based on the analysis of market demand - covering a set of Premium Application Programming Interface (API)-based services that an asset holder (participating in the scheme) agrees to offer as a minimum to an asset broker (participating in the scheme). A distinction has been made between MVP#1 and MVP#2, which is inter alia linked to the introduction of different adherence categories for asset holders. For example, MVP#1 is only applicable to ‘category A’ asset holders that only provide data asset related services. 
  • Updates in relation to a mechanism to request a payment with transaction fees not borne by the payer. 
  • Dataset and attribute alignments.
  • Clarifications on the envisaged homologation process as well as on the default business conditions.

Find out more about it in the “related document”.

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