Deadline for SEPA migration: Commission introduces an additional transition period of six months (until 01.08.2014)

SEPA: Single Euro Payments Area

The Commission has adopted a proposal to give an extra transition period of six months during which payments which differ from the SEPA format can still be accepted so as to ensure minimal disruption for consumers and businesses. The proposal does not change the formal deadline for migration 1 February 2014.

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