| Title |
| Consultation on possible end-date(s) for SEPA migration |
|
| Policy field(s) |
| Internal market, Payment services |
|
| Target group(s) |
| All citizens and organisations were welcome to contribute to this
consultation. Contributions were particularly sought from the supply
side (banks, payment systems, payment industry), the demand side (corporate,
SMEs, consumer organisations) of the payment market and public
authorities. |
|
| Period of consultation |
| From 8.6.2009 to 3.8.2009 |
|
| Objective of the consultation |
The SEPA (Single Euro Payments Area) project holds much promise
in terms of improved efficiency, dynamism and competitiveness of the
European economy. Significant progress has been made since 2002, but
migration to SEPA remains slow. It is therefore necessary to analyse
whether some deadline(s) should be defined for the migration of
corresponding legacy payment products to the new SEPA credit
transfers and direct debits. Setting (a) clear deadline(s) for the
migration of legacy products to SEPA products would provide
certainty so that stakeholders can adopt a SEPA strategy, an
adequate migration planning and allocate the necessary budgets for
SEPA in the next few years. Concerns have however been expressed
that more time might be needed to see how the market develops
spontaneously before assessing whether there is a market failure or
not.
The objective of this consultation was to get a more comprehensive
view of stakeholders' positions on this issue. The consultation
paper presents all the options available today regarding the
definition of such (an) end-date(s) and regarding its potential
practical modalities, e.g. if (an) end-date(s) is(are) seen as
needed, there could be one common end-date for SCT and SDD migration
or two separate end-dates; (an) end‑date(s) could be set at national
level and/or at European level; it(they) could be left to self-regulation
or could be set by regulation. |
|
| View the consultation document |
Consultation on
possible end-date(s) for SEPA migration
 
+ Reply form (Excel)
 |
|
| Contact details |
| Responsible service: DG Internal Market and Services, Unit
H3 – Retail issues, consumer policy and payment services |
| E-mail: markt-sepa-consultation@ec.europa.eu |
| Postal address: European Commission, SPA2 4/69, BE-1049 Brussels |
|
| Number of responses received to this consultation |
| 136 / 105 |
|
| View the contributions |
| In the interests of transparency, organisations have been invited to provide the public with relevant information about themselves by registering in the Commission's Interest Representative Register and subscribing to its Code of Conduct. If the organisation is not registered, the submission is published separately from the registered organisations.
|
|
| Results of consultation and next steps |
|
|
|
|
|
RSS
