By-law No. 7 Respecting the Large Value Transfer System

14 (1) Any participant, except the Bank of Canada, that does not at all times comply with paragraph 13(a) shall, on notice being given of that fact by the Bank of Canada to the President, have its participant status suspended automatically.

(2) The President may at any time suspend any participant’s status as a participant, if the participant fails to meet or continue to meet the criteria for participant eligibility set out in paragraph 13(b).

(3) The President shall, as soon as reasonably practicable, notify all participants of the name of any participant that has had its participant status suspended.