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The annual EPC scheme change management process is based on the following principles:
Together with the SCT Rulebook version 7.0, SDD Core Rulebook version 7.0 and SDD B2B Rulebook version 5.0, the EPC published the feedback received from stakeholders during the 2012 public consultation on the evolution of the schemes.
The updated versions of the SDD Rulebooks have been amended to make it optional to provide the BIC of the payer's bank with the mandate except if the mandate is issued in an EU Member State which opts to make use of the derogation permissible under Article 16 (6) with regard to national transactions. The updated version of the SCT Rulebook was also amended to specify that the BIC has to be provided in line with the provisions of the SEPA Regulation.
To improve straight-through-processing (STP) of SCT payments further, the SCT Rulebook version 7.0 includes two additional reject reason codes which specify why a SCT payment was not accepted:
The SDD Core Rulebook version 7.0 and the SDD B2B Rulebook version 5.0 have been amended to make the provision of the payer's address optional with a paper-based mandate, the dematerialised mandate as well as with e-mandates and with the optional Advance Mandate Information (AMI) procedure. The SDD Core Rulebook version 7.0 and the SDD B2B Rulebook version 5.0 have been updated to clarify that, subject to national legal regime, it is permissible to store mandates in digitised form and the use of electronic signatures is allowed under the SDD Schemes. As was done for the SCT Rulebook version 7.0, the updated versions of the SDD Core and SDD B2B Rulebooks have been enhanced to include these two additional reject reason codes: