55 (1) The definitions participant and system in section 1 of the Canadian Payments Association By-law No. 2 — FinanceFootnote 3 are replaced by the following:
[...]
participant means
(a) a participantas defined in section 1 of the By-law No. 7 Respecting the Large Value Transfer System;
(b) a participantas defined in section 1 of the Canadian Payments Association By-law No. 9 — Lynx;
(c) a direct clearer or group cleareras those terms are defined in section 1 of the Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System; or
system means
(a) 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;
(b) the Large Value Transfer Systemas defined in section 1 of the By-law No. 7 Respecting the Large Value Transfer System;
(c) Lynxas defined in section 1 of the Canadian Payments Association By-law No. 9 — Lynx; or
56 (1) The definition direct participant in subsection 18(3) of the Canadian Payments Association By-law No. 1 — GeneralFootnote 4 is amended by deleting “or” at the end of paragraph (b) and by replacing paragraph (c) with the following:
(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,
(ii) the Large Value Transfer Systemas defined in section 1 of the By-law No. 7 Respecting the Large Value Transfer System, or
(iii) Lynxas defined in section 1 of the Canadian Payments Association By-law No. 9 — Lynx. (participant direct)
51 Subsection 5(1) of the By-law is replaced by the following:
5 (1) The LVTS shall be operational and available to all participants whose LVTS status has not been revoked or suspended on a day that
(a) is a business day, as defined in section 1 of this by-law; and
(b) is not a business day, as defined in section 1 of the Canadian Payments Association By-law No. 9 — Lynx.
50 (1) The definition business day in section 1 of the By-law No. 7 Respecting the Large Value Transfer SystemFootnote 1 is replaced by the following:
business day has the same meaning as in the rules. (jour ouvrable)
(2) Section 1 of the By-law is amended by adding the following in alphabetical order:
Lynx has the same meaning as in section 1 of the Canadian Payments Association By-law No. 9 — Lynx. (Lynx)
36 (1) After a Lynx payment obligation is settled through Lynx and the receiving participant has the payment message and the payment confirmation reference number, the receiving participant must make the amount of the payment finally and irrevocably available to the payee
(a) in the case where the payee makes a reasonable request for payment before the end of the payments processing cycle, as soon as feasible after the request is received, but by no later than the end of the payments processing cycle; and
