MasterCard Rules (PDF)

Europe Region Rules
Section 12b—SEPA Rules
Section 12b—SEPA Rules
Organization of this Section
The Rules in this Section 12b are variances and additions to the “global” Rules
that apply within the Single European Payments Area (SEPA).
Definitions
The defined terms provided in Chapter 12 apply to Rules in this Section 12b.
Solely for the purposes of Rules in this Section 12b, the following term has
the meaning set forth below.
“SEPA Cards Framework (SCF)” means the SEPA Cards Framework as published
by the European Payments Council, as it may be amended from time to time.
2.1 Purpose of License; Eligibility
2.1.1 Single European Payments Area License
The following additional Rules apply within SEPA:
1. Any entity that is eligible to become a Customer in one of the SEPA
countries may request a SEPA License.
2. The Standards applicable to other Licenses also apply to SEPA Licenses,
unless otherwise provided.
3. The SEPA License may be granted to a Principal or Association or an Affiliate.
4. A Principal or Association holding a SEPA License may Sponsor Affiliate in
one or more SEPA countries. The Affiliate(s) may receive either a SEPA
License or a License.
5. If a SEPA License is held by a Customer that will undertake Activities in
one or more SEPA countries via separate legal entities, the separate legal
entities must also sign Licenses.
6. The SEPA License may cover all of the countries in SEPA. If the SEPA License
will cover both Switzerland and an EEA country, any Customer legal entity
or SEPA Licensee that will be active both in Switzerland and in an EEA
country must be regulated both in Switzerland and in an EEA country. The
holder of a SEPA License must meet all local legal requirements in each
country in which it intends to undertake Activities.
7. Each Principal or Association is assigned a separate ICA for each SEPA
country in which it is active, must use that ICA only for its Activity in that
country, and must not undertake Activity in that country before the relevant
ICA has been implemented.
The Principal or Association is assigned a separate BIN or BIN range for
each SEPA country in which it is active, must use that BIN or BIN range
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12-34 12 December 2012 • MasterCard Rules