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

62 If, at any time during an LVTS cycle, a federal or provincial regulator or other supervisory body takes control of a participant or its assets or makes a declaration, in respect of a participant, that the participant is considered to be no longer viable or that the participant is unable to meet its liabilities as they become due, the President shall, immediately on becoming aware of such an action having been taken or such a declaration having been made, suspend the participant from further participation in that LVTS cycle and notify all the participants of that fact.