Original Creditor Scheme Identification

EPC states the following about Original Creditor Scheme Identification:

1. Mandatory if changes occur in ‘Creditor Scheme Identification’ (‘Name’ and or ‘Identification’), otherwise not used. 
2. If ‘Name’ is present, ‘Name’ under ‘Creditor’ must contain the new name.
3. Identification must be used with an identifier described in General Message Element Specifications,Chapter 1.5.2 of the SEPA B2B Direct Debit C2B Implementation Guidelines Version 2.0 Approved.