Stablecoin Act — S-15.9 93
Governor in Council 93 The Governor in Council may make regulations generally for carrying out the purposes and provisions of this Act, including regulations (a) defining any term that is used in the definition incident , issue , outstanding stablecoin , stablecoin or third party in section 2 but that is not defined in this Act; (b) respecting the exclusion under section 11 , including to specify the circumstances in which the exclusion does not apply and to define “closed-loop stablecoin”; (c) respecting the exclusion under section 12 , including to specify the circumstances in which it does not apply; (d) respecting factors that the Governor may or must take into account for the purposes of section 14 ; (e) respecting the public registry referred to in section 16 ; (f) respecting the application referred to in section 17 ; (g) respecting the notice referred to in section 19 ; (h) respecting factors that the Bank may or must take into account for the purposes of section 20 ; (i) respecting the prohibitions under sections 30 to 34 ; (j) respecting the duty to redeem under section 35 ; (k) respecting the redemption policy referred to in section 36 ; (l) respecting the reserve of assets referred to in section 37 ; (m) respecting the prohibition under section 38 ; (n) respecting the duties under section 39 ; (o) respecting the governance policy referred to in section 40 ; (p) respecting the risk management policy referred to in section 41 ; (q) respecting the data security policy referred to in section 42 ; (r) respecting the recovery and resolution policy referred to in section 43 ; (s) respecting the duties referred to in sections 44 and 45 ; (t) respecting the report referred to in section 46 ; (u) respecting the statement referred to in section 47 ; (v) respecting the notice referred to in section 49 ; (w) respecting the notice referred to in section 50 and defining “significant change” for the purposes of that section; (x) respecting the duty to retain, use and dispose of information under section 51 ; (y) respecting the assessment of fees for the purposes of subsections 53 (3) and (4); (z) prohibiting, limiting or restricting the disclosure by issuers of information referred to in section 57 ; (z.1) respecting the exercise of the Bank’s power under section 66 ; (z.2) designating as a violation the contravention of a specified provision of this Act or the regulations or the non-compliance with orders made, undertakings required, compliance agreements entered into or directions made under this Act; (z.3) classifying each violation as a minor violation, a serious violation or a very serious violation, classifying a series of minor violations as a serious violation or a very serious violation or classifying a series of serious violations as a very serious violation; (z.4) establishing a penalty or a range of penalties in respect of a violation; (z.5) if a range of penalties is established by regulations, setting out the method of establishing the amount payable as the penalty for the violation, including the criteria to be taken into account; (z.6) respecting the service of documents, including the manner and proof of service and the circumstances under which documents are considered to be served; (z.7) respecting the keeping and retention of records; (z.8) providing for the circumstances in which the Bank must not make public, under subsection 92 (1), the name of the person that committed a violation; and (z.9) providing for anything that by this Act is to be provided for in the regulations.