Consumer-Driven Banking Act (S.C. 2024, c. 17, s. 198)

Marginal note:Designation of body

• 8 (1) The Minister may, by order, designate a body to be the technical standards body that is responsible for establishing the technical standards that are to be used for the sharing of data by participating entities in accordance with this Act.

• Marginal note:Principles

  (2) In designating the technical standards body, the Minister must take into account the following principles:

  • (a) the need to ensure the safe, secure and efficient sharing of data among participating entities;

  • (b) fairness, accessibility, transparency and good governance;

  • (c) any other principle that the Minister considers relevant; and

  • (d) any other principle provided for in the regulations.

• Marginal note:Publication in Canada Gazette

  (3) The Minister must publish the order in the Canada Gazette.