Payment scheme participation fees

The

Single Euro Payments Area

payment scheme participation fee is calculated for each

Payment Service Provider

by taking into account the number of payment schemes to which they adhere. The fees paid by

Payment Service Providers

may evolve every year because they depend on the number of

Single Euro Payments Area

payment schemes, the number of scheme participants and the costs borne by the

European Payments Council

in relation to the management of the payment schemes.

Payment Service Providers

can be invoiced either individually or at a group level when they are part of a declared ‘group’ of

Payment Service Providers

as defined in the Regulation (

European Union

) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on over-the-counter derivatives, central counterparties and trade repositories¹. In the latter situation, the fees are due from the parent undertaking (which has a dominant influence on one or more

Payment Service Providers

) or the central control body of the group (to which scheme participants are affiliated and by which they are supervised). Interested groups are invited to use the standard template to declare their composition to the

European Payments Council

by providing a list of all member scheme participants.

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¹ For those

Single Euro Payments Area

payment scheme participants located in a country outside the

European Economic Area

and within the geographical scope of the

European Payments Council

Single Euro Payments Area

payment schemes the definition of “group” will need to fulfil substantially equivalent requirements as those referred to in the

Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on over-the-counter derivatives, central counterparties and trade repositories

.