SEPA Direct Debit Rulebooks Currently in Effect Aligned with Provision...

SEPA Direct Debit Rulebooks Currently in Effect Aligned with Provisions of Regulation (EU) 260/2012 Concerning Multi-lateral Interchange Fees for Cross-Border Direct Debit Transactions.

24 October 13

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On 1 November 2012 new versions of the Direct Debit (SDD) Rulebooks became effective. Section 5.14 of the Rulebook version 5.2 and the SDD Business to Business (B2B) Rulebook version 3.2, respectively, was updated to reflect the requirements of Articles 6(3) and 8 of the 'Regulation () No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation (EC) No 924/2009', which stipulate that as of 1 November 2012 cross-border multilateral interchange fees for direct debits per-transaction are no longer allowed and that R-transaction interchange fees can be applied under certain conditions. No other changes have been introduced compared to the previous versions of the SDD Rulebooks. The Rulebook version 5.2 and the Rulebook version 3.2 are in effect until 16 November 2012.

Payment service providers participating in the SDD Schemes were informed on these amendments by letter.

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