Provided that your internal legal counsel is a qualified lawyer, the Legal Opinion can be completed by him/her.
For licensed branches of a non-SEPA country institution, the Applicant shall provide two Legal Opinions as follows:
Assumptions are, generally, matters of fact or matters outside of the scope of counsel's competence that counsel may exclude from the scope of their opinion.
No, the Legal Opinion and power of attorney may be governed by an appropriate governing law other than Belgian law.
No.
The Readiness Date (or Effective Date) is the date by which a Participant will effectively adhere to a Scheme.
No, Applicants will not indicate in the adherence documents whether they act as a Debtor PSP or as a Creditor PSP under one or both of the SEPA Direct Debit Schemes.
A PSP may adhere to the SCT Instant Scheme in the capacity of a Beneficiary PSP only, capable of receiving Scheme payments.
In this situation, the PSP should submit its Adherence Pack directly to the EPC Secretariat.
No. Where subsidiaries are located throughout SEPA, it is not necessary to consult a NASO in each of the countries where a subsidiary is located.
