The VOP scheme rulebook will be effective on 5 October 2025. As of that date, in principle any PSP able to comply with all the rules specified in this rulebook can adhere.
However, SCT and/or SCT Inst scheme participants incorporated in Iceland, Liechtenstein and Norway (EEA countries), or in a non-EEA SEPA country may not yet be in a position to adhere to the VOP scheme. This until either the IPR is incorporated in their legal system (for the EEA countries) or relevant legal equivalence requirements (e.g., for the use of the VOP API) are adopted in the local laws (for non-EEA SEPA countries’ PSPs wishing to voluntarily adhere to the VOP scheme).The EPC will in due course provide further information regarding the possibility that EEA and non-EEA SEPA PSPs adhere to the VOP scheme (and to the EDS).