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Canadian Payments Act

Version of section 19 from 2015-06-04 to 2022-07-25:


Marginal note:Rules

  •  (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  • (2) [Repealed, 2014, c. 39, s. 344]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.

  • R.S., 1985, c. C-21, s. 19
  • 2001, c. 9, ss. 234, 245(E)
  • 2007, c. 6, s. 430
  • 2014, c. 39, s. 344
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