The EPC says it plans to develop a business and contractual framework defining scheme actors, eligibility requirements, rights and obligations of the legal entities participating to the scheme. It will also set out common functional and operational rules as well as technical specifications, relying on the work already done by the EC with the Architectural Reference Framework, the related technical specifications, and considering the contribution of pilots. Version 1.0, will focus on the acceptance of EU Digital Identity Wallets by PSPs under PSD2. A version 1.1 will extend the framework to the forthcoming Payment Services Regulation.