Retail Payment Activities Regulations — 24
Application for registration 24 (1) An application under subsection 29(1) of the Act must be submitted to the Bank using the electronic system provided by the Bank for that purpose. Contact information (2) For the purpose of paragraph 29(1)(b) of the Act, the prescribed contact information consists of (a) the applicant’s civic address — or that of their head office, if applicable — and their primary mailing address; (b) the applicant’s telephone number; (c) the applicant’s email address; (d) the applicant’s fax number, if any; (e) the applicant’s website address, if any; and (f) the mailing address, telephone number and email address of an individual who may be contacted for inquiries related to the application. Organization and structure (3) For the purpose of paragraph 29(1)(d) of the Act, the prescribed information consists of (a) if the applicant is an individual, their name and date of birth; (b) if the applicant is an entity, the date, country and jurisdiction of its incorporation or other formation and, in the case of a corporation, its incorporation number and the legislation under which it is incorporated; and (c) the following information in respect of each of the applicant’s affiliated entities, if any: (i) its legal name and any trade names, (ii) its mailing address, the civic address of its head office, its telephone number, its email address and, if applicable, its website address, and (iii) a description of any retail payment activities that it performs. Agents and mandataries (4) For the purpose of paragraph 29(1)(e) of the Act, the prescribed information consists of, in respect of each agent or mandatary, (a) their legal name and any trade names; (b) their civic address — or that of their head office, if applicable — primary mailing address, telephone number, email address and, if applicable, website address; and (c) a description of the retail payment activities that they perform on behalf of the applicant and the civic address of each location at which they perform them. Volume and value of retail payment activities (5) For the purpose of paragraph 29(1)(f) of the Act, the prescribed information consists of (a) in the case of an applicant that has a place of business in Canada, for each of the previous 12 months, (i) the number of electronic funds transfers in relation to which they performed a retail payment activity and the total value of those electronic funds transfers, expressed in Canadian dollars, and (ii) the number of electronic funds transfers in relation to which they performed a retail payment activity for end users in Canada and the total value of those electronic funds transfers, expressed in Canadian dollars; (b) in the case of an applicant that does not have a place of business in Canada, the information referred to in subparagraph (a)(ii); and (c) in the case of an applicant that has not performed any retail payment activities in the last year, a projection for the first year in which they will perform retail payment activities of the information referred to in (i) paragraph (a), if they have a place of business in Canada, or (ii) subparagraph (a)(ii), if they do not have a place of business in Canada. End-user funds (6) For the purpose of paragraph 29(1)(h) of the Act, the prescribed information consists of (a) for each of the previous 12 months, the average value, expressed in Canadian dollars, of end-user funds that the applicant held at the end of each day — or, if the applicant has not performed any retail payment activities in the previous year, the projected value, expressed in Canadian dollars, of end-user funds that they will hold at the end of each day in their first year performing retail payment activities — for (i) end users in Canada, and (ii) in the case of an applicant that has a place of business in Canada, all end users; and (b) the currencies in which the applicant held end-user funds for each of the following categories of end users in the previous year — or, if the appli