Central Banking

Sepa end-date set in stone following final vote

ecb-frankfurt

Migration to a Single Euro Payments Area (Sepa) is due to be complete in two years time, after the European Parliament on February 14 passed final legislation that will impose legally binding end-dates on businesses and stakeholders operating in the eurozone.

The Sepa regulation received the support of the majority of the European Parliament, with 635 members voting in favour of the legislation, compared to just 17 who voted against the measure. Thirty-one members abstained.

On December 21, 2011

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