On 18 December 2007, Oskars Spurdziņš, Minister of Finance of the Republic of Latvia, in his reply to Charlie McCreevy, the European Commissioner for Internal Markets and Services, appointed the Money and Payment Systems Working Group (MPSWG) as the national SEPA Steering Committee under the Euro Project auspices. Taking into consideration the current task of developing Latvia's National SEPA Plan, the MPSWG established the National SEPA Working Group on 28 October 2008. During the meeting the MPSWG decided on the composition of the Working Group and its tasks. The National SEPA Working Group held its first meeting on 14 November 2008. The meeting was mostly informative; nevertheless, the National SEPA Working Group took decisions about the structure of the National SEPA Plan and further organisational cooperation.
In the course of 2009, the National SEPA Working Group has been mainly working on the development of Latvia's National SEPA Plan, holding consultations with the stakeholders of the SEPA project and National SEPA Working Group. On 14 December 2009, the MPSWG approved Latvia's National SEPA Plan, Version 1.0 and high level SEPA implementation measures to be incorporated into Annex 1 "Action Plan for Introduction of the Single European Currency in Latvia" to Latvia's National Euro Changeover Plan.
Latvia's National SEPA Plan describes all stakeholders' roles in the SEPA project and their tasks as well as provides a timeline for putting SEPA payments on the Latvian payments market and presents more comprehensive information about SEPA payments, SEPA infrastructures, SEPA legal framework and standards as well as SEPA communication plan.
Payment Cards Committee of the Association of Latvian Commercial Banks Latvian Merchant Association Ltd "First Data Latvia"
under establishment
National SEPA Working Group
For the purpose of implementing the SEPA project, the Euro Project Steering Committee Money and Payment Systems Working Group established the National SEPA Working Group and it convened the first meeting on 14 November 2008.
The composition of the National SEPA Working Group
Tasks of the National SEPA Working Group
Minutes of the National SEPA Working Group meetings
Progress reports of the National SEPA Working Group
Meeting schedule of the National SEPA Working Group
Responses to public consultations by the National SEPA Working Group
81 KB) focuses on the following issues: support extended by all SEPA project stakeholders and their public commitments regarding the implementation of SEPA project in Latvia.
