Contents
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsection 35(1) of the Canadian Payments Act, hereby makes the annexed Canadian Payments Association Membership Requirements Regulations.notenote
Membership Requirements
1Requirement to be met#
A requirement for membership in the Association that is to be met by a person referred to in paragraph 4(2)(a) of the Canadian Payments Act — other than a central, a trust company or a loan company — is that there are deposits made with it that are insured or guaranteed under a federal or provincial statute.
2Requirement to be met#
A requirement for membership in the Association that is to be met by a person referred to in paragraph 4(2)(e) of the Canadian Payments Act is that the person is a member of the Investment Dealers Association of Canada or the Bourse de Montréal.
Coming into Force
Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.