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)