ABBL

The European Payments Council (EPC) published the SEPA Credit Transfer Rulebook version 6.0, the SEPA Core Direct debit (SDD Core) Rulebook version 6.0 and the SEPA Business to Business Direct debit (SDD B2B) Rulebook version 4.0 and adjacent implementation guidelines on 17 November 2011. These updated versions of the rulebooks will take effect on 17 November 2012.

EPC scheme change management: the SCT and SDD Schemes evolve in line with market needs as identified through SEPA-wide public consultations

The evolution of the SCT and SDD Schemes is subject to an open and inclusive change management process. The EPC encourages all SEPA stakeholders to engage in the annual scheme change management cycle. Changes to the schemes reflect feedback received from the entire SEPA stakeholder community (demand and supply sides) during annual public consultations.

EPC rulebook release management: predictable and reliable

To ensure planning Security for all market participants, publication of new rulebook versions follows a predictable release management cycle. In accordance with industry best practice, payment service providers and their suppliers have a one-year lead time to address rulebook updates prior to such updates taking effect. The EPC releases updated versions of the rulebooks annually in November of each year. The updated versions of the rulebooks will then take effect in the third week of November of the following year to allow for alignment with SWIFT message releases.

(Source: The European Payments Council)
 

Related files: 

SEPA Credit Transfer Scheme Rulebook

SEPA Core Direct Debit Scheme Rulebook