EPC has updated various Single Euro Payments Area (SEPA) scheme rulebooks. It published new versions of the following:

  • Management Internal Rules;
  • Direct Debit Business to Business Rulebook;
  • Direct Debit Core Rulebook to include a shorter standard time cycle for the presentation of one-off and recurrent direct debit collections at the debtor’s bank;
  • Credit Transfer Rulebook; and
  • Direct Debit Core and Business to Business Rulebooks to simplify the use of sequence types by making the sequence type “first” optional.

(Source: EPC updates SEPA documents)