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Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System

Version of section 37 from 2006-03-22 to 2010-02-28:


Marginal note:Notice

  •  (1) Subject to section 41, a clearing agent shall give at least 30 days notice to the General Manager prior to acting as clearing agent for an indirect clearer.

  • Marginal note:Obligation of General Manager

    (2) The General Manager shall inform the direct clearers and group clearers of the notice in accordance with the rules.

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