Payment Clearing and Settlement Act

Marginal note:Compliance orders

• 15 (1) The Bank or the Governor of the Bank may apply to a superior court for an order

  • (a) directing a clearing house or participant to comply with this Act, a directive issued under this Act or an agreement that it has entered into under section 13.2, if the clearing house or participant has failed to comply with this Act, the directive or the agreement, as the case may be;

  • (b) directing a person to comply with a request made under subsection 14(1), if the person has failed to comply with the request; or

  • (c) directing a person to comply with a prohibition or to respect a condition imposed under this Act, if the person has failed to comply with the prohibition or to respect the condition.

• Marginal note:Powers of the court

  (2) The court may make any order referred to in subsection (1) and may also make any further order that it considers appropriate.