January 15, 2025

Eurozone banks: get ready for the new IPR obligations!

Baptiste Aubry, Salvador Norberto Ruiz Bachs, Dr Alexander Behrens, Andrei Costica, Mia Dassas, Axel de Backer, Thomas Donegan, Nikki Johnstone, Pien Kerckhaert, Emiliano La Sala, Anna Lewis-Martinez, Ben Regnard-Weinrabe, Carole Schmidt

A&O Shearman

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The new Regulation (EU) 2024/886 on instant credit transfers in euros (IPR), amending the so-called SEPA Regulation, is here, and it’s time to gear up! Effective from April 8, 2024, the first set of obligations kicks in on January 9, 2025 for banks in respect of instant credit transfers in euros (ICT).

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