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  1. Canadian Payments Association By-law No. 1 — General - SOR/2017-1 (Section 18)
    Canadian Payments Association By-law No. 1 — General
    Marginal note:Maximum number of members
    • [...]

    • (3) The following definitions apply in subsection (2).

      direct participant

      direct participant  means

      • (a) a direct cleareras defined in section 1 of the Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System;

      • (b) a participantas defined in section 1 of the By-law No. 7 Respecting the Large Value Transfer System, except a group clearer; or

      • (c) a party to any clearing and settlement system, payment system or system or arrangement established or operated by the Association, except the ACSSas defined in section 1 of the Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System or the LVTSas defined in section 1 of the By-law No. 7 Respecting the Large Value Transfer System. (participant direct)

      group clearer

      group clearer  means a group cleareras defined in section 1 of the Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System. (adhérent-correspondant de groupe) 


  2. Canadian Payments Association By-law No. 1 — General - SOR/2017-1 (Section 6.1)
    Canadian Payments Association By-law No. 1 — General
    Marginal note:Bridge institution

     A member that is a federal institution, as defined in section 2 of the Canada Deposit Insurance Corporation Act, and is designated as a bridge institution for another member by an order made under paragraph 39.13(1)(c) of that Act is deemed, as of the date and time specified in the order for it to assume that other member’s deposit liabilities, to have, as between itself and all of the other members except that other member for whom it has been designated as a bridge institution, acquired all of that other member’s rights under the by-laws and assumed all of that other member’s obligations to those other members under the by-laws, in respect of the exchange, clearing or settlement of payments.

    [...]


  3. Canadian Payments Association By-law No. 1 — General - SOR/2017-1 (Section 18)
    Canadian Payments Association By-law No. 1 — General
    Marginal note:Maximum number of members
    • [...]

    • (3) The following definitions apply in subsection (2).

      direct participant

      direct participant  means

      • (a) a direct cleareras defined in section 1 of the Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System;

      • [...]

      • (c) a participantas defined in section 1 the Canadian Payments Association By-law No. 9 — Lynx, except a group clearer; or

      • (d) a party to any clearing and settlement system, payment system or system or arrangement that is established or operated by the Association, except

        • (i) the Automated Clearing Settlement Systemas defined in section 1 of the Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System,

        • [...]

        • (iii) Lynxas defined in section 1 of the Canadian Payments Association By-law No. 9 — Lynx. (participant direct)

      group clearer

      group clearer  means a group cleareras defined in section 1 of the Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System. (adhérent-correspondant de groupe) 

    [...]


  4. Canadian Payments Association By-law No. 1 — General - SOR/2017-1 (Section 7)
    Canadian Payments Association By-law No. 1 — General
    Marginal note:Suspension
    • [...]

    • Marginal note:Notice to member — suspension

      (2) The Board must, as soon as feasible, notify the member in writing of its decision to suspend the member’s rights and the reasons for the suspension and, if the Board considers it necessary, must notify at the same time the other members in writing of the suspension.

    • [...]

    • Marginal note:Notice to member — review

      (4) After the review, the Board must, as soon as feasible, notify the member in writing of its decision and the reasons for it. The Board must notify at the same time the other members in writing of its decision and reasons if

      [...]


  5. Canadian Payments Association By-law No. 1 — General - SOR/2017-1 (Section 7)
    Canadian Payments Association By-law No. 1 — General
    Marginal note:Suspension
    • [...]

    • Marginal note:Notice to member — suspension

      (2) The Board must, as soon as feasible, notify the member in writing of its decision to suspend the member’s rights and the reasons for the suspension and, if the Board considers it necessary, must notify at the same time the other members in writing of the suspension.

    • [...]

    • Marginal note:Notice to member — review

      (4) After the review, the Board must, as soon as feasible, notify the member in writing of its decision and the reasons for it. The Board must notify at the same time the other members in writing of its decision and reasons if

      [...]

    [...]



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