Canadian Payments Association By-law No. 1 — General (SOR/2017-1)
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Regulations are current to 2026-06-21 and last amended on 2025-09-26. Previous Versions
AMENDMENTS NOT IN FORCE
— SOR/2026-133, s. 51
51 (1) The definition direct participant in subsection 18(3) of the Canadian Payments Association By-law No. 1 — GeneralFootnote 3 is amended by striking out “or” at the end of paragraph (c) and by adding the following after paragraph (c):
Return to footnote 3SOR/2017-1
(c.1) a direct settlement participant as defined in subsection 1(1) of the Canadian Payments Association By-law No. 10 — RTR, except a group clearer; or
(2) Paragraph (d) of the definition direct participant in subsection 18(3) of the By-law is amended by adding “or” at the end of subparagraph (iii) and by adding the following after subparagraph (iii):
(iv) the RTR system as defined in subsection 1(1) of the Canadian Payments Association By-law No. 10 — RTR. (participant direct)
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