Search results
… ACSS Rules Amendments to the ACSS Rules in support of the Representative arrangements for Point-of-Service (POS) Payment … presentment to add clarification to the participation requirements to contemplate the use of a Representative for … 2023 July 11, 2023 Published Rule C1 Amendments to clarify notification of change requirements related to ACSS/USBE …
… activities will be excluded from the RPAA registration requirements. Payments Canada believes guidance from the … the importance of industry input on the RPAA, how PSPs can prepare and what it will mean for the people and businesses … outlined in the proposed regulations. These requirements represent a key safeguard to provide assurance of …
… Payment Framework Review Working Group, which includes representatives from member financial institutions and … purposes of clearing and settlement. Rule H6 sets out the requirements for members of Payments Canada that participate … is required by all FIs is not included in the Payee FI’s notification of a new Corporate Creditor Agreement. As a …
… 11, 2023. Proposed rule amendments are developed through comprehensive consultation with relevant Payments Canada … also been clarified. 3. Update cross-border arrangement notification requirements (ACSS Rule C1 and Lynx Rule 15) ACSS Rule C1 …
… funds and the financial system with operational risk requirements. PSPs must also register with the Bank of … the RPAA will support the ability of PSPs who meet the requirements to gain Payments Canada membership and system … infrastructures that meet the legislative and regulatory requirements. The federal government’s announcement of the …
… should take top priority," said Carol Ann Northcott, Vice-President, Risk, Security and Research and Chief Risk … a way of assessing the issues, and the tradeoffs, in a comprehensive and systematic way." The research provides a tool … to think that everyone wants everything faster but preferences and needs around timeliness vary. The true …
… cleared and settled via our payment systems. This includes requirements for participation in a payment system or … procedures for the processing of payment items, and the requirements and timeframes for returning payment items, …
… move to a web-based application, many Direct Clearers expressed interest in moving elements of their ACSS/USBE … the ACSS/USBE application, but Rule C1 largely mirrors the requirements, evaluation criteria and application process … of the arrangements at the request of Payments Canada’s President and CEO; and submit an attestation every two years …
… on operational risk and incident responses , incident notification , safeguarding end-used funds and notice of … membership. Members of Payments Canada must comply with the requirements of the Canadian Payments Act and the associated … in operational risk frameworks Payments Canada appreciates that the standards for risk management set out in …