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Payment Clearing and Settlement Act

Version of section 11 from 2003-01-01 to 2014-12-15:

Marginal note:Bank may impose fees

  •  (1) The Bank may annually impose a fee on a clearing house in respect of the cost to the Bank for that year of the administration of this Act in respect of the designated clearing and settlement system of the clearing house.

  • Marginal note:Recovery of fees

    (2) A fee imposed under subsection (1) constitutes a debt due to the Bank and may be recovered as such in any court of competent jurisdiction.

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