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The European Payments Council (EPC) issued a press release about the operational implications of a no-deal Brexit on Single Euro Payments Area (SEPA) credit transfer (SCT) and SEPA direct debit (SDD) transactions. The EPC reminds firms that from the payments perspective, in case of a no-deal Brexit, as of 1 November 2019 the UK will have to be considered as a non-European Economic Area (EEA) country like Andorra, Guernsey, the Isle of Man, Jersey, Monaco, San Marino, Switzerland and the Vatican City State.
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