Payment Clearing and Settlement Act (S.C. 1996, c. 6, Sch.)
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Act current to 2026-05-26 and last amended on 2021-06-29. Previous Versions
Marginal note:Powers of Bank
10 (1) The Bank may, for the purposes of carrying out its functions under this Act, conduct audits and inspections of a clearing house, and every clearing house shall, as required, assist the Bank to the extent necessary to enable the Bank to carry out an audit or inspection.
Marginal note:Powers of Bank
(2) For the purpose of obtaining evidence under oath in relation to an audit or inspection under subsection (1), the Bank has all the powers of a person appointed as a commissioner under Part II of the Inquiries Act.
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