We are delighted to share with you EPIF’s response to the European Commission public consultation on the Settlement Finality Directive and the Financial Collateral Directive reviews.

EPIF very much welcomes the European Commission’s announcement in its Retail Payment Strategy that it intends as part of the SFD review to extend the scope of the Settlement Finality Directive to include e-money and payment institutions, subject to appropriate supervision and risk mitigation.

EPIF members would like to see the Settlement Finality Directive amended in order to allow its members to be added to the list of eligible participants to ensure a level playing field and provide legal certainty in a cross-border context.