October 31, 2024
Publication date: December 12, 2023
Last updated: October 31, 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.
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.
12
result(s)
October 31, 2024
This supervisory policy explains the one-time fee applicants must pay when submitting an application to register as a payment service provider with the Bank.
Registration application fee
Content Type(s):
Retail payments supervision materials,
Supervisory policies
Topic(s):
Registration
October 16, 2024
This supervisory policy outlines the retail payment activity metrics that payment service providers must report at registration.
Reporting of retail payment activity metrics at registration
Content Type(s):
Retail payments supervision materials,
Supervisory policies
Topic(s):
Registration,
Reporting
October 16, 2024
This supervisory policy explains how the Bank of Canada expects registered payment service providers (PSPs) to comply with requirements to provide updated registration information.
Reporting changes to registration information
Content Type(s):
Retail payments supervision materials,
Supervisory policies
Topic(s):
Registration,
Reporting
October 2, 2024
This supervisory policy explains how applicants should proceed when making changes to the information they provided as part of their application to become a registered payment service provider.
Amendments to registration applications
Content Type(s):
Retail payments supervision materials,
Supervisory policies
Topic(s):
Registration
October 2, 2024
This supervisory policy helps individuals and entities determine if they are subject to the Retail Payment Activities Act and if they should register with the Bank.
Criteria for registering payment service providers
Content Type(s):
Retail payments supervision materials,
Supervisory policies
Topic(s):
Registration
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 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