New Bacs Direct Debit Scheme Rules – December 2012

The latest edition of the Bacs Service User Guide and Rules to the Direct Debit Scheme have just been released.

The Service User’s Guide and Rules to the Direct Debit scheme v3.7 can be downloaded from Bacs by clicking here

The  main changes are:

• The requirement for a service user to have a registered address in the UK has been removed
• Changes to the DDIC exceptions process. Claims for £100,000 and above now go directly to the sponsoring bank.
• ‘Mandatory layout of confirmation letter’ has been changed to ‘Suggested layout of confirmation letter’
• Appendix covers further information included on variations to standard set up

If you have any questions on how these may affect you, please do not hesitate to contact us.