Under Regulation (EU) No 260/2012, the European Commission, the European Parliament and the Council have defined end dates for the migration to SEPA credit transfers and SEPA direct debits. Each payment service user and each payment service provider is responsible for being prepared by the migration end dates. Designated national competent authorities are responsible for ensuring compliance with the SEPA migration end-date regulation at the national level. For the settlement of disputes concerning the rights and obligations arising from the end-date regulation between the payment service providers and their customers, each Member State has established an out-of-court complaint and redress body. The Court of Justice of the European Union is ultimately responsible for the implementation and final interpretation of the SEPA end-date regulation. The European Commission is entitled to adopt delegated acts to AMEND the technical REQUIREMENTS detailed in the annex of the end-date regulation, so as to take into account technical progress and market developments.

The Euro system monitors and fosters migration to the new payment instruments. It also encourages the payments industry to further develop its SEPA offerings, making them increasingly more attractive for users. The national ministries of finance support SEPA through the ECOFIN Council and are, in most countries, intrinsically involved in facilitating preparations for and migration to SEPA at the national level, often in collaboration with the national CENTRAL BANKS.

Under Regulation (EU) No 260/2012, the European Commission, the European Parliament and the Council have defined end dates for the migration to SEPA credit transfers and SEPA direct debits. Each payment service user and each payment service provider is responsible for being prepared by the migration end dates. Designated national competent authorities are responsible for ensuring compliance with the SEPA migration end-date regulation at the national level. For the settlement of disputes concerning the rights and obligations arising from the end-date regulation between the payment service providers and their customers, each Member State has established an out-of-court complaint and redress body. The Court of Justice of the European Union is ultimately responsible for the implementation and final interpretation of the SEPA end-date regulation. The European Commission is entitled to adopt delegated acts to amend the technical requirements detailed in the annex of the end-date regulation, so as to take into account technical progress and market developments.

The Euro system monitors and fosters migration to the new payment instruments. It also encourages the payments industry to further develop its SEPA offerings, making them increasingly more attractive for users. The national ministries of finance support SEPA through the ECOFIN Council and are, in most countries, intrinsically involved in facilitating preparations for and migration to SEPA at the national level, often in collaboration with the national central banks.