October 2, 2024
Publication date: December 12, 2023
Last updated: October 16, 2024
Access all supervisory policies and guidelines on registration, supervision and enforcement related to the Retail Payment Activities Act and the Retail Payment Activities Regulations.
The registration period will open on November 1, 2024.
We develop supervisory policies and guidelines to help payment service providers (PSPs) understand their obligations and how we will supervise them under the Retail Payment Activities Act (RPAA) and the Retail Payment Activities Regulations (RPAR).
- Supervisory policies are documents that clarify what we will do to carry out our supervisory role, including registration and enforcement activities.
- Supervisory guidelines are documents that clarify the standards and practices we expect PSPs to incorporate into their business operations to meet risk management requirements. We may conduct consultations on our guidelines to gather input and feedback on these supervisory expectations.
For more terminology about retail payment supervision, refer to the glossary.
To help individuals or entities assess whether they could be subject to the Retail Payment Activities Act, use our self-assessment tool.
23
result(s)
August 21, 2024
This supervisory policy explains how a registered payment service provider (PSP) should assess whether it will be the subject of a planned acquisition of control or a prescribed change.
Acquisitions of control and prescribed changes
Content Type(s):
Retail payments supervision materials,
Supervisory policies
Topic(s):
Registration
June 17, 2024
This supervisory policy provides an overview of what the Bank of Canada will consider when determining whether a “significant adverse impact” is occurring or has occurred.
Significant adverse impact
Content Type(s):
Retail payments supervision materials,
Supervisory policies
Topic(s):
Enforcement,
Supervision
June 17, 2024
This supervisory policy outlines the roles of the Executive Director of Payments, Supervision and Oversight and the Managing Director of Supervision. It also describes their responsibilities related to the Bank of Canada’s retail payments supervision mandate.
Roles and Responsibilities of the Executive Director and Managing Director
Content Type(s):
Retail payments supervision materials,
Supervisory policies
Topic(s):
Enforcement,
Registration,
Supervision
June 17, 2024
This supervisory policy describes the Bank of Canada’s Governor’s review process and outlines what individuals, entities and payment service providers should expect if they request a Governor’s review of a retail payments supervision decision.
Governor’s review
Content Type(s):
Retail payments supervision materials,
Supervisory policies
Topic(s):
Enforcement,
Registration
June 17, 2024
This supervisory policy provides details on the Bank of Canada’s issuing of public notice for certain retail payments supervision and Governor’s decisions.
Issuing public notice of decisions
Content Type(s):
Retail payments supervision materials,
Supervisory policies
Topic(s):
Enforcement,
Registration
June 17, 2024
This supervisory policy lists the enforcement tools the Bank could use if enforcement action is needed against individuals, entities and payment service providers.
Enforcement tools
Content Type(s):
Retail payments supervision materials,
Supervisory policies
Topic(s):
Enforcement,
Registration
June 17, 2024
This supervisory policy outlines the Bank of Canada’s enforcement process and what individuals, entities and payment service providers should expect if the Bank takes enforcement action against them.
Enforcement process
Content Type(s):
Retail payments supervision materials,
Supervisory policies
Topic(s):
Enforcement
June 17, 2024
This supervisory policy provides an overview of the Bank of Canada’s administrative monetary penalties (AMPs) regime and how the Bank determines administrative monetary penalty amounts.
Administrative monetary penalties
Content Type(s):
Retail payments supervision materials,
Supervisory policies
Topic(s):
Enforcement,
Registration
April 17, 2024
This supervisory policy provides an explanation of the prescribed supervisory information provisions and sets out the Bank of Canada’s expectations for payments service providers’ compliance with non-disclosure requirements related to prescribed supervisory information under subsection 64(1) of the Retail Payment Activities Act and sections 37 to 38 of the Retail Payment Activities Regulations.
Prescribed supervisory information
Content Type(s):
Retail payments supervision materials,
Supervisory policies
Topic(s):
Supervision