EU Commission requests GREECE and POLAND to correctly implement the SEPA Regulation for payment services users

The European Commission has today requested that Greece and Poland put in place a competent authority to address infringements of the SEPA Regulation (Regulation (EU) No 260/2012) by payment services users (that are not consumers).

The SEPA Regulation establishes technical and business requirements for credit transfers and direct debits in euro, underpinning the functioning of the Single Market for the processing of payment transactions in euro.

To date, Greece and Poland have not put in place such a competent authority capable of dealing with individual complaints against payment services users, such as utility companies or public authorities, for non-compliance with the SEPA Regulation.

The Commission has therefore decided to send a reasoned opinion to both Greece and Poland on this matter.

Without a satisfactory response within four months, the Commission may decide to refer the matter to the Court of Justice of the European Union.

Daniel Ferrie

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