Based on the established scheme change management and rulebook release cycle, the EPC published updated versions of the rulebooks and associated implementation guidelines. Payment service providers and their suppliers have time to address rulebook updates prior to such changes taking effect.
SCT and SDD Rulebook versions published in November 2012 take effect on 1 February 2014
In November 2012, the EPC published the SCT Rulebook version 7.0, the SDD Core Rulebook version 7.0 and the SDD Business to Business (B2B) Rulebook version 5.0. Based on the established release management cycle, the updated versions of the rulebooks published in November 2012, would normally take effect on 16 November 2013. As previously communicated, the EPC decided to postpone the effective date for the SCT Rulebook version 7.0, the SDD Core Rulebook version 7.0 and the SDD B2B Rulebook version 5.0 and associated IGs, from 16 November 2013 to 1 February 2014.
The next scheme change management cycle takes place with the publication of new rulebook versions in November 2014; these rulebook versions will take effect in November 2015
To avoid duplication of costs and efforts within one year and to provide planning security to all stakeholders based on stable rulebook versions in the period following migration to SCT and SDD in the euro area, the EPC decided in December 2012 to postpone publication of the next generation rulebooks (SCT Rulebook version 8.0, SDD Core Rulebook version 8.0 and SDD B2B Rulebook version 6.0) and associated IGs to November 2014. These rulebook versions will then take effect in November 2015. The process leading to publication of new rulebook versions will therefore roll out at the start of 2014.
SEPA Regulation empowers European Commission to amend the technical requirements applicable to SCT and SDD
The EPC is committed to adhering to a scheme change management and rulebook release management process, which provides all SEPA stakeholders with sufficient lead time to implement any changes to the rulebooks and IGs. It has to be kept in mind however, that the SCT and SDD Schemes have to comply with the technical requirements detailed in Article 5 and in the Annex to the SEPA Regulation. Article 13 of the SEPA Regulation empowers the European Commission (the Commission) to amend the technical requirements set out in the Annex to the Regulation through delegated acts (see also Article 14). It remains the EPC's objective to ensure that the SCT and SDD Rulebooks evolve in response to proven market needs, based on a predictable release schedule. The EPC must, however, clarify that moving forward; the EPC may be required to adapt the rulebook release schedule at short notice to ensure compliance with technical requirements set out in the Annex to the SEPA Regulation as amended by the Commission.
To date, the Commission has not indicated that it intends to amend the Annex to the SEPA Regulation prior to November 2015.
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