SEPA Change Timelines
SEPA Regulation (Regulation No. 260/2012) came into effect on 30th March 2012 which established 1st February 2014 as the end date for migration to SEPA Credit Transfers and Direct Debits for Euro countries. Countries where euro is not the domestic currency will need to migrate by 31st October 2016.
The table below shows a list of key dates for SEPA:
| Date | Area | Details |
| 1st January 2008 | SEPA Cards Framework (SCF) | The SEPA Cards Framework launched |
| 28th January 2008 | SEPA Credit Transfer (SCT) Scheme | The SEPA Credit Transfer scheme launched |
| November 2009 | The Payment Services Directive (PSD) | The PSD came into law within each EU member state |
| November 2009 | SEPA Direct Debit (SDD) Scheme | SEPA Direct Debit was implemented |
| 1st February 2014 | National Migration End Date in euro Countries | National Migration is the date by which the national domestic schemes will shut down throughout euro countries, in Ireland IRECC will shut down By 1st February 2014, all non-urgent euro payment schemes will be operating through SEPA in euro countries Account Number & NSC will be replaced by BIC & IBAN New ISO 20022 XML file formats will replace IRECC Standard 18 |
| 31st October 2016 | National Migration End Date in non-euro Countries | National Migration to SEPA for non-euro countries (Details as per 1st February 2014 deadline above) |