August 21, 2024 Case scenarios about remittance service providers The following fictional case scenarios provide examples to help providers identify whether they perform the holding funds payment function, especially in the context of cross-border remittances. Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Holding funds, Registration
August 21, 2024 Case scenarios about payroll services The following fictional case scenarios provide examples of incidental activities under the Retail Payment Activities Act. Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Holding funds, Registration
August 21, 2024 Case scenarios about e-commerce web building tools and payment gateways The following fictional case scenarios provide examples of payment functions, namely the initiation of an electronic funds transfer (EFT) at the request of an end user, and the authorization of an EFT or the transmission, reception or facilitation of an instruction in relation to the EFT. They also provide examples of incidental activities under the Retail Payment Activities Act. Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration
August 21, 2024 Acquisitions of control and prescribed changes 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. Content Type(s): Retail payments supervision materials, Supervisory policies Topic(s): Registration
June 17, 2024 Significant adverse impact 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. Content Type(s): Retail payments supervision materials, Supervisory policies Topic(s): Enforcement, Supervision
June 17, 2024 Roles and Responsibilities of the Executive Director and Managing Director 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. Content Type(s): Retail payments supervision materials, Supervisory policies Topic(s): Enforcement, Registration, Supervision
June 17, 2024 Governor’s review 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. Content Type(s): Retail payments supervision materials, Supervisory policies Topic(s): Enforcement, Registration
June 17, 2024 Issuing public notice of decisions This supervisory policy provides details on the Bank of Canada’s issuing of public notice for certain retail payments supervision and Governor’s decisions. Content Type(s): Retail payments supervision materials, Supervisory policies Topic(s): Enforcement, Registration
June 17, 2024 Enforcement tools This supervisory policy lists the enforcement tools the Bank could use if enforcement action is needed against individuals, entities and payment service providers. Content Type(s): Retail payments supervision materials, Supervisory policies Topic(s): Enforcement, Registration
June 17, 2024 Enforcement process 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. Content Type(s): Retail payments supervision materials, Supervisory policies Topic(s): Enforcement