No. According to the rules established in the European Payments Council’s SEPA Direct Debit Scheme, when the creditor’s identity is changed due to a merger or creation of a new corporate entity (by the creditor), to which collections are transferred, debtors are not required to sign new mandates. Nevertheless, following changes to the creditor’s identity, prior to initiating collections, the ‘new’ creditor must fully and in good time inform debtors of any changes to the mandates, more specifically identity changes (i.e. name, address, creditor identifier) and, where applicable, the allocation of a new direct debit mandate reference number.