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Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro (the SEPA Regulation) defines 1 February 2014 as the deadline in the euro area for compliance with the core provisions of this Regulation. In non euro countries, the deadline will be 31 October 2016.
In September 2012, the European Central Bank (ECB) published fact sheets providing country-specific information related to the SEPA Regulation.
The ECB website states: "In order to ensure a coordinated, coherent and integrated migration to SEPA credit transfers and direct debits, Regulation No 260/2012 sets common deadlines for the implementation of all requirements. However, as the level of development of credit transfers and direct debits differs from one EU Member State to another, and as there are certain legacy payment services with very specific functionalities in some countries, the regulation allows Member States to apply a few specific transitional arrangements for a limited period of time beyond the common end dates. In countries with currencies other than the euro, other deadlines and options for transitional arrangements can apply. Country-specific information relating to the transitional arrangements chosen by individual Member States is presented in two tables; one with information on euro area Member States and one with information on non-euro area Member States. This overview of 'national facts' will be updated and completed when new information becomes available."
Fact Sheets on National Implementation of Regulation (EU) No 260/2012