The European Payments Council (EPC) has published updated versions of its Single Euro Payments Area (SEPA) direct debit and credit transfer rulebooks (known as the SDD and SCT rulebooks):
- SEPA Direct Debit Business to Business Rulebook Version 5.1;
- SEPA Direct Debit Core Rulebook Version 7.1; and
- SEPA Credit Transfer Rulebook Version 7.1.
The main change to these rulebooks is that they no longer refer to the concept of a “Pan-European Automated Clearing House (PE-ACH)” or the EPC document entitled “PE-ACH/Clearing and Settlement Mechanism Framework”. The EPC decided to withdraw this document, which was first published in January 2007, because it is no longer required at this stage in the SEPA process.
The updated versions of these rulebooks come into force on 1 February 2014 although the next generation of SDD and SCT rulebooks (versions 6.0 and 8.0) and associated implementation guidelines will be published in November 2014, and will take effect in November 2015.
View SEPA business to business direct debit scheme rulebook, 27 January 2014
View SEPA core direct debit scheme rulebook, 27 January 2014
View SEPA credit transfer scheme rulebook, 27 January 2014