Regulation on instant payments

Official name

Regulation (EU) 2024/886 of the European Parliament and of the Council of 13 March 2024 amending Regulations (EU) No 260/2012 and (EU) 2021/1230 and Directives 98/26/EC and (EU) 2015/2366 as regards instant credit transfers in euro

Type

Regulation

Level 1

Initiator

EU

Submitted

10.03.2021

Doc. code

2024/886

Summary

Status

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Current version

Final version

13.03.2024

Next step

Entry into force

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Application date

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Scope

Relevant for

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Level 1

Regulation laying down the technical rules and business requirements for credit transfers and acceptance giros (binding, Main version, Amendment, EU)

Cross-border payments in the Union (binding, Main version, EU)

Payment Services Directive 2 (PSD2) (binding, Main version, EU)

Implementation law for regulation of instant transfers in euros (Uitvoeringswet verordening instantovermakingen in euro’s) (binding, Main version, NL)

Level 2

ITS for uniform reporting templates in relation to the fee level for credit transfers and the proportion of rejected transactions under the SEPA Regulation (binding, Supplement, EU)

Decision implementing regulation on instant transfers in euros (Uitvoeringsbesluit verordening instantovermakingen in euro’s) (binding, NL)

Level 3 / Other

Retail Payments strategy for the EU (non-binding, EU)

New strategy for the EU's economic and financial system (non-binding, EU)

EBA opinion on new types of payment fraud and possible mitigation measures in relation to PSD3, PSR and Instant Payment Regulation (non-binding, EU)

Circular No. 44/2024: Accessibility for real-time transfers in the TARGET Instant Payment Settlement (TIPS) Service (binding, Supplement, DE)

Verification Of Payee Scheme Rulebook (non-binding, EU)