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

Version of section 15 from 2010-03-01 to 2012-08-16:

  •  (1) The Board may at any time revoke the participant status of a participant, except the Bank of Canada, if that participant

    • (a) does not at all times comply with paragraph 13(a); or

    • (b) fails to meet or continue to meet the criteria for participant eligibility set out in paragraph 13(b).

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

  • SOR/2010-43, s. 9

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