The European Payments Council's public consultation on five change requests to the SEPA Instant Credit Transfer scheme rulebook enters its final month. Responses to the consultation document EPC009-26 are due by June 11, 2026 at 17:00 CET. Approved modifications will be published in the 2027 SCT Inst rulebook in November 2026. Mandatory implementation for all scheme participants takes effect in November 2027.
The first change request doubles the originator and beneficiary name field limit from 70 to 140 characters. A partial fraud recall mechanism allows beneficiary PSPs to return a portion of transferred funds rather than requiring full transaction reversal. Extended timelines will apply to recalls initiated for duplicate and technical-reason scenarios. A separate beneficiary-initiated repayment procedure gives the receiving PSP a structured path to return funds without requiring the originator to initiate a formal recall.
The fifth change request migrates all SCT Inst scheme messages to the latest available ISO 20022 version. These changes arrive during a concentrated period of SEPA infrastructure evolution. The structured address format deadline in November 2026 will reject unstructured postal addresses in all scheme messages. PSD3 and PSR are advancing toward formal adoption after the European Parliament ECON committee approved compromise texts on May 5. STEP2 batch credit transfer volumes fell 5.5 percent year-on-year in April 2026, reaching 26.8 million daily average transactions.