Legislation
MiFID
What is MiFID?
By November 1st 2007, all European Union (EU) member states must comply with the Markets in Financial Instruments Directive (MiFID) whose stated aim is to introduce a single market and regulatory regime for financial services across the EU.
SEPA: a single harmonised Euro payments market
SEPA: a single harmonised Euro payments market
Convergence towards a single uniform Euro payments market will be worked on gradually from 2008 onwards. This single payments market is referred to as the Single Euro Payments Area, or SEPA in brief. We are pleased to describe what this means for you and what will change for you with the arrival of SEPA. As of January 28th 2008, the Credit Transfer is live. This means that Rabobank offers you the possibility to initiate and receive SEPA Credit Transfers. In the distribution channels provided by Rabobank the term for the SEPA CT is dubbed 'Euro-betaling' (Euro-payment).