Retail Payment Activities Regulations (SOR/2023-229)

Marginal note:Notice of change in prescribed information

• 36 (1) The prescribed information for the purpose of subsection 60(1) of the Act is the information referred to in subsection 24(9) of these Regulations, other than that referred to in subparagraphs 24(9)(p)(i) and (q)(i).

• Marginal note:Prescribed period

  (2) The prescribed period for the purpose of subsection 60(2) of the Act is

  • (a) in respect of the following changes, as soon as feasible after the payment service provider becomes aware of the change, even if the change has already taken effect:

    • (i) a change to the information referred to in any of paragraphs 24(9)(a) to (c) and (e) to (j) or in subparagraph 24(9)(p)(ii) or (q)(ii),

    • (ii) a change to a mailing address, telephone number or email address referred to in paragraph 24(9)(o), and

    • (iii) a change to the information referred to in paragraph 24(9)(k) or (l) of these Regulations;

  • (b) in respect of the following changes, at least 30 days before the day on which the change takes effect:

    • (i) a change to the information referred to in paragraph 24(9)(d) or (m), and

    • (ii) a change to the information referred to in paragraph 24(9)(o), other than the information referred to in subparagraph (a)(ii); and

  • (c) in respect of a change to the information referred to in paragraph 24(9)(n), at least 60 days before the day on which the change takes effect.