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The Commission has launched a consultation on whether and how deadlines should be set for the migration of existing payment to stop the slow migration process. Setting a deadline would provide certainty so that stakeholders can adopt a SEPA strategy, the Commission argues. However, in the past there have been concerns that more time might be needed.
The consultation paper presents all options available such as common end-date for SCT and SDD migration or two separate end-dates; an end‑date to be set at national level vs. at European level; and an end-date to be left to self-regulation or could be set by regulation.
Deadline for comments is