Canadian Payments Act

Marginal note:Rules

• 19 (1) Subject to the by-laws, the Board may make any rules that it considers advisable for the attainment of the objects of the Association, including rules

  • (a) respecting payment items acceptable for exchange, clearing or settlement;

  • (b) establishing standards and procedures in respect of the exchange and clearing of payment items;

  • (b.1) respecting the destruction of payment items;

  • (c) respecting settlements and related matters;

  • (d) respecting the authenticity and integrity of payment items and messages; and

  • (e) respecting the identification and authentication of members and other persons.

• (2) [Repealed, 2014, c. 39, s. 344]

• Marginal note:Rules to be available

  (3) The Association shall make a copy of every rule available to members in the manner determined by the President.

• Marginal note:Copies of rules to be sent to Minister

  (4) A copy of every rule shall be sent to the Minister within ten days after it is made.