Some 2020 change requests entering into force in November 2023

Some 2020 change requests entering into force in November 2023

22 September 20

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In September 2020, the EPC decided to migrate all its SEPA payment schemes to the 2019 version of the ISO 20022 message standard by 19 November 2023 i.e. the entry-into-force date of the 2023 EPC SEPA payment scheme rulebooks. This implementation combined with possibly new/amended business and/or functional rules in a single rulebook release, may form a challenge for some SEPA payment scheme participants. Therefore, all 2023 EPC SEPA payment scheme rulebooks and related Implementation Guidelines (IGs) will be published in May 2022 instead of November 2022. 

Accordingly, stakeholders are now invited to submit change requests to the SEPA Credit Transfer and Direct Debit rulebooks exceptionally by 30 June 2021 instead of 31 December 2021. This timeline change is considered as an exception, and is not planned to be repeated for any future change management cycles.

Consequently, this will give the SEPA payment scheme participants and all other relevant stakeholders 18 months instead of the standard 12 months to do these exceptional changes.



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