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Europe Daily Bulletin No. 10224

29 September 2010
GENERAL NEWS / (eu) eu/financial services
Legislative proposal on migration of some financial products to SEPA products is hoped for mid-October

Brussels, 28/09/2010 (Agence Europe) - On Tuesday 28 September, the European Commission took stock of preparations that will most likely result, during the second week of October, in adoption of a legislative proposal introducing cut-off dates for the migration of certain national payment products (credit transfers, direct debits) towards financial products that meet the norms of the Single Euro Payments Area (SEPA) project. Jean-Yves Muylle, who is head of unit for the Commission's internal...

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