The SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) Schemes evolve over time to reflect changes in market needs and updates of technical standards. To ensure planning security for all market participants, publication of updated versions of the SCT and SDD Rulebooks follows an established change and release management cycle.
The EPC publishes updated versions of the rulebooks once annually in November of each year. These updated versions normally take effect in the third week of November of the following year. In accordance with industry best practice, payment service providers and their suppliers therefore have sufficient lead time to address rulebook updates prior to such changes taking effect.
The next version of the SCT and SDD Rulebooks (SCT Rulebook version 7.0, SDD Core Rulebook version 7.0 and SDD Business to Business (B2B) Rulebook version 5.0), will be published in November 2012. Based on the established release management cycle, the updated versions should take effect on 16 November, 2013.
Single Euro Payments Area (SEPA) stakeholders however are currently working towards achieving compliance with the Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation (EC) No 924/2009 (the SEPA Regulation), which defines 1 February 2014 as the deadline in the euro area for compliance with the core provisions of this Regulation.
As a result, the EPC decided to postpone the effective date for the SCT Rulebook version 7.0, SDD Core Rulebook version 7.0 and SDD B2B Rulebook version 5.0, from 16 November, 2013 to 1 February, 2014. This allows market participants sufficient time to adapt their systems and operations to comply both with the SEPA Regulation and the updated version of the rulebooks.
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