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12 March 2020

EPC: The EPC launches the public consultation on the 2020 change requests for the SEPA Credit Transfer and SEPA Direct Debit scheme rulebook

The public consultation documents detail the change requests from stakeholder representatives, banking communities and EPC working and support groups and include the recommendation from the EPC working group in charge of change-management cycles for each change request.

All payment service providers (PSPs), end-users and technical players can participate in the public consultation during this three-month period. This public consultation is held to ensure that the SEPA schemes reflect the evolution of the needs of PSPs and their customers, as well as technological changes.

The window for PSPs, end-users and technical players to submit change requests to amend the rulebooks – the technical and business rules governing the schemes and followed by their participants – ended at the end of December 2019. The EPC has registered 48 change requests from various stakeholders and from the EPC itself. A significant number of change requests specifically relate to the SCT Inst and SCT rulebooks.

One common change request for all four EPC SEPA payment scheme rulebooks is to migrate all ISO 20022 XML-based messages specified under the rulebooks to the 2019 version of the ISO 20022 messaging standard in November 2022. 

Stakeholders wishing to learn more about these change requests and to participate in the public consultation will find all necessary information on the EPC website, including the response template, which needs to be filled in and submitted by 9 June 2020 at 17 00 CET at the latest. The EPC will not consider any feedback received after this deadline.

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