Single Euro Payments Area Regulation

 

SUMMARY OF:

Regulation (EU) No 260/2012 — technical and business requirements for credit transfers and direct debits in euro

WHAT IS THE AIM OF THE REGULATION?

It sets out the rules and technical requirements for credit transfers and direct debit transactions in euro within the single euro payments area (SEPA).

KEY POINTS

FROM WHEN DOES THE REGULATION APPLY?

It has applied since 31 March 2012.

BACKGROUND

KEY TERMS

Multilateral interchange fees: fees which the sellers of goods and services pay for the cross-border payments they receive by consumer debit and credit cards.

MAIN DOCUMENT

Regulation (EU) No 260/2012 of the European Parliament and of the Council of 14 March 2012 establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation (EC) No 924/2009 (OJ L 94, 30.3.2012, pp. 22-37)

Successive amendments to Regulation (EU) No 260/2012 have been incorporated into the original text. This consolidated version is of documentary value only.

RELATED DOCUMENT

Regulation (EC) No 924/2009 of the European Parliament and of the Council of 16 September 2009 on cross-border payments in the Community and repealing Regulation (EC) No 2560/2001 (OJ L 266, 9.10.2009, pp. 11-18)

See consolidated version.

last update 14.05.2019