On 23 July 2024, the European Commission issued Q&As on Instant Payments Regulation (IPR) implementation.
The IPR entered into force on 8 April 2024 and a first set of obligations for payment service providers will have to be complied with as of 9 January 2025.
The Q&As are the product of two online workshops where a number of IPR provisions were discussed.
The Q&As reflect the clarifications provided by the Directorate-General for Financial Stability, Financial Services and Capital Markets Union services during these workshops on the basis of questions that had been submitted in advance by the stakeholders.