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Consolidated Regulations > Canadian Payments Association By-law No. 1 General
Short Summary
This document, Canadian Payments Association By-law No. 1 General, is a by-law made by the Board of Directors of the Canadian Payments Association under the Canadian Payments Act. It governs the registration of banks and authorized foreign banks as members of the Association, the application process for membership, the suspension of member’s rights, the establishment and composition of the Stakeholder Advisory Council and the Member Advisory Council, and the appointment, term, and removal of council members. The by-law also outlines the obligations and responsibilities of members, including the provision of information to the Association and notification of any changes in circumstances. There are no specific exemptions or penalties mentioned in this document.
Whom does it apply to?
Members of the Association, Banks, Authorized Foreign Banks
What does it govern?
Canadian Payments Association By-law No. 1 General
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Canada