This is a key tool for any and Clearing and Settlement Mechanism (CSM) that needs to know which organisations are able to send and receive credit transfers and direct debits.
There is a Register of Participants for each scheme (the Credit Transfer, the SEPA Instant Credit Transfer, the SEPA Direct Debit Core and the SEPA Direct Debit Business-to-Business schemes). Only legal entities within SEPA that have adhered to the EPC schemes are included in the Register of Participants. Branches are not included, unless they are SEPA branches of a incorporated in a country that is outside the geographical scope of the SEPA schemes.
The Business Identifier Codes (BICs) that are listed in the Register of Participants are reference BICs only (used to unambiguously identify the scheme participants adhering to the relevant scheme), and must not be relied upon as valid routing BICs. Any organisation using these BICs for routing rather than reference purposes may face difficulties when initiating or processing transactions.
When a scheme participant chooses a CSM, it provides its routing BICs (including those of its branches) to this organisation.
CSMs compliant with the schemes use the Register of Participants to check which are reachable in the context of SEPA transactions.
Scheme participants and CSMs seeking to ensure their systems have up-to-date statuses for all participating can find the planned updates of the Register of Participants below. The schedule also includes the deadlines for applicant scheme participants to submit their adherence packs for a given Register update publication.
In accordance with industry practice, the operational start date is the first Monday after the first full weekend of the month.
|Deadline for receipt by||Publication of revised Register||Operational start date|
|20 January 2017||10 February 2017||6 March 2017|
|17 February 2017||10 March 2017||3 April 2017|
|24 March 2017||14 April 2017||8 May 2017|
|21 April 2017||12 May 2017||5 June 2017|
|19 May 2017||9 June 2017||3 July 2017|
|23 June 2017||14 July 2017||7 August 2017|
|21 July 2017||11 August 2017||4 September 2017|
|18 August 2017||8 September 2017||2 October 2017|
|22 September 2017||13 October 2017||6 November 2017|