Payment Card Networks Act (S.C. 2010, c. 12, s. 1834)

Marginal note:Regulations

6 The Governor in Council may, on the recommendation of the Minister, make regulations

• (a) respecting payment card networks;

• (b) specifying the types of rates that a payment card network operator must disclose and the manner in which the disclosure must be made;

• (c) prescribing the time and manner in which a payment card network operator must give notice of any new rates or any changes in its rates or fee schedules, as well as to whom the notice must be given;

• (d) prescribing conditions regarding the issuance of payment cards that a payment card network operator must include in any agreement entered into with an issuer;

• (e) prescribing conditions that a payment card network operator must include in any agreement entered into with an acquirer;

• (f) prescribing anything that by this Act is to be prescribed; and

• (g) generally for carrying out the purposes and provisions of this Act.