GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Presentation of Persons (2003) Regulations — 24
NEXUS program 24 (1) The fee for the issuance or renewal of an authorization referred to in section 6.1 is US$120. FAST program (1.01) The fee for the issuance or renewal of an authorization referred to in section 6.2 is US$50. Certain CANPASS programs (1.1) The fee for the issuance or renewal of an authorization referred to in section 6 to present oneself in an alternative manner described in paragraph 11(b), (c) or (e) is $40. CANPASS Air program (2) The fee for the issuance or renewal of an authorization referred to in section 5 to present oneself in an alternative manner described in paragraph 11(a) is $50. Other authorizations (3) The fee for the issuance or renewal of any other authorization is $25 per year. Children under 18 years of age (4) A child who is under 18 years of age on the day on which they make their application for an authorization is not required to pay a fee under this section if (a) the application is for an authorization referred to in section 6.1 and any parent of the child, or any other person who has custody or tutorship of the child under a court order, holds or is applying for an authorization referred to in that section; or (b) the application is for an authorization other than one referred to in section 6.1. CDRP program (5) There is no fee for the issuance or renewal of an authorization referred to in section 6.21. SOR/2005-385, ss. 15, 22, 24; SOR/2006-154, s. 16; SOR/2008-27, ss. 3, 11; SOR/2015-83, s. 10 SOR/2024-147, s. 1
Presentation of Persons (2003) Regulations — 27
Coming into force 27 (1) Subject to subsection (2), these Regulations come into force on the day on which they are registered. Retroactive effect — deemed in force (2) Section 1 — except for the definitions Act , commercial passenger conveyance , designated holding area and non-commercial passenger conveyance — and Part 2 and section 25 are deemed to come into force on December 3, 2001.
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — a
The Board of Directors of the Canadian Payments Association, pursuant to the definition payment item a in subsection 2(1) and to subsection 18(1) b of the Canadian Payments Act c , hereby makes the annexed Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System . a S.C. 2001, c. 9, s. 219(3) b S.C. 2001, c. 9, s. 233 c S.C. 2001, c. 9, s. 218
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsection 18(2) of the Canadian Payments Act c , hereby approves the annexed Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System , made by the Board of Directors of the Canadian Payments Association.
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
ACSS cycle means the period beginning immediately after the final adjustment time on a given business day and ending with the final adjustment time on the next business day. ( cycle du SACR )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
Automated Clearing Settlement System or ACSS means the system into which direct clearers, group clearers, clearing agents and the Bank of Canada make entries for the purpose of clearing. ( système automatisé de compensation et de règlement ou SACR )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
business day means any day other than an ACSS holiday specified in the rules. ( jour ouvrable )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
clearing means the reconciliation of payment items that were exchanged and the calculation of the clearing balances. ( compensation )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
clearing agent means the direct clearer or group clearer appointed under subsection 33(1) that, on behalf of an indirect clearer, exchanges payment items and either effects clearing and settlement or makes entries into the ACSS. ( agent de compensation )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
clearing balance means the total of the net amounts owing to or by a member as a result of clearing. ( solde de compensation )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
direct clearer means a member, other than the Bank of Canada, appointed under section 26 that, on its own behalf, exchanges payment items and makes entries into the ACSS. ( adhérent )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
exchange means the delivery and receipt of payment items. ( échange )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
federal credit union has the same meaning as in section 2 of the Bank Act . ( coopérative de crédit fédérale )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
final adjustment time means the time, set out in the rules, prior to which the correction of errors affecting the calculation of the clearing balance of a direct clearer or group clearer for the current ACSS cycle must be made. ( heure finale de rajustement )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
final exchange means the last exchange of payment items at each regional exchange point for the current ACSS cycle. ( échange final )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
group means a group described in section 28 and includes the group clearer. ( groupe )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
group clearer means a member that, on its own behalf or on behalf of the entities belonging to the group in respect of which it is appointed in accordance with section 28, exchanges payment items and either effects clearing and settlement or makes entries into the ACSS. ( adhérent-correspondant de groupe )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
indirect clearer means a member on behalf of which a clearing agent exchanges payment items and either effects clearing and settlement or makes entries into the ACSS. ( sous-adhérent )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
pledge means a grant to the Bank of Canada of security in collateral to guarantee an advance of funds that the Bank of Canada may make for the purposes described in section 34.2 and includes a grant of security in which the Bank of Canada does not take possession of the collateral. ( nantissement )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
regional exchange point means each location in Canada designated in the rules for the exchange of payment items among direct clearers, group clearers and clearing agents, or between one of them and the Bank of Canada, and includes the National Electronic Settlement Region within the meaning of the rules. ( point régional d’échange )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
settlement means the payment of the clearing balance. ( règlement )
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 2
Notices 2 (1) Every notice required under this By-law shall be given in accordance with the rules. Waiver of notice (2) Any person entitled to be given notice under this By-law may waive the notice.
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 3
Application — exchanges 3 (1) This Part applies to the following exchanges: (a) in respect of payment items giving rise to clearing through the ACSS, (i) the exchange among direct clearers, group clearers and clearing agents, or between one of them and the Bank of Canada, and (ii) the exchange between indirect clearers through their respective clearing agent; and (b) in respect of payment items not giving rise to clearing through the ACSS, (i) the exchange between an indirect clearer and its clearing agent, (ii) the exchange between indirect clearers that are represented by the same clearing agent, through that agent, (iii) the exchange between a group clearer and an entity belonging to the group, and (iv) the exchange among the entities belonging to a group, through the group clearer. Application — clearing and settlement (2) This Part also applies to the clearing of payment items that are the object of an exchange referred to in subsection (1) and to the resulting settlement.
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 4
Obligation — non-member locals 4 Every member that exchanges payment items and either effects clearing and settlement or makes entries into the ACSS on behalf of a non-member local referred to in subparagraph 6(1)(a)(ii) shall ensure that the non-member local complies with the by-laws and the rules as if it were a member. SOR/2010-43, s. 55 SOR/2025-198, s. 1
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Means of settlement 5 Settlement is effected by one of the following means, as specified in the rules: (a) [Repealed, SOR/2021-182, s. 54] (a.1) by a payment message as defined in section 1 of the Canadian Payments Association By-law No. 9 — Lynx ; (b) on the basis of clearing balances established by the ACSS; or (c) through a clearing agent. SOR/2021-182, s. 54
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 6
Approved payment items 6 (1) Paper-based payment items and electronic payment items that are specified in the rules and that conform to the following requirements may be exchanged for the purpose of clearing and settlement: (a) they are drawn on (i) a member, or (ii) a local that is not a member and belongs to a central or cooperative credit association that is a member; and (iii) [Repealed, SOR/2010-43, s. 56] (b) they (i) are payable on demand, (ii) are identified in accordance with the rules, and (iii) conform to the requirements set out in the rules, including those relating to value and value date. Payment items specified in the rules (2) Paper-based payment items and electronic payment items that do not conform to the requirements in subsection (1) but are specified in the rules and conform to the requirements set out in the rules may also be exchanged for the purpose of clearing and settlement. SOR/2010-43, s. 56; SOR/2012-161, s. 4 SOR/2025-198, s. 2
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 7
Government payment items 7 Paper-based payment items and electronic payment items drawn on or by the Receiver General of Canada and payable by the Government of Canada that are specified in the rules may be exchanged for the purpose of clearing and settlement.
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 8
Classes of international payment items 8 International payment items that are specified in the rules and that fall within a class specified in the rules may be exchanged for the purpose of clearing and settlement.
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 9
Prohibition 9 Members shall not exchange, for the purpose of clearing and settlement, payment items in dispute within the meaning of the rules.
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Exchange irrevocable and irreversible 14 Every exchange of a payment item shall become irrevocable and irreversible at the time specified in the rules or, failing such time, when settlement is effected.
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 15
Compliance with by-laws and rules 15 Every member shall exchange payment items in accordance with the by-laws and the rules and ensure that its payment items comply with the provisions of the by-laws and the rules.
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 16
Settlement account — indirect clearers 16 (1) Every indirect clearer shall maintain a settlement account with each of its clearing agents. Loan facilities (2) Every indirect clearer shall establish a loan facility with each of its clearing agents. Settlement account and loan facility (3) An indirect clearer may maintain a settlement account and establish a loan facility with a central that has been designated in accordance with subsection 33(2). SOR/2012-161, s. 6
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 17
Returns in accordance with the rules 17 Despite section 14, payment items, the exchange of which becomes irrevocable and irreversible when settlement is effected, may be returned after settlement in accordance with, and for the reasons set out in, the rules.
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 18
Acceptance of returned payment items 18 Every member shall accept payment items returned to it in accordance with the rules.
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 19
Application 19 This Part applies to the exchange of payment items giving rise to clearing through the ACSS, and to the clearing of those payment items and the resulting settlement.
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 20
Exclusion of liability 20 Neither the Association nor a director, an officer or an employee is liable for any loss or damage suffered by a member for anything done or omitted to be done, honestly and in good faith, in relation to the ACSS, in the administration or discharge of any powers or duties that under this By-law are intended or authorized to be executed or performed. SOR/2010-43, s. 57
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 21
Ownership 21 The Association owns the ACSS.
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 22
ACSS operated by Association 22 The operation, management and ongoing maintenance of the ACSS form part of the business of the Association.
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 23
Operation of ACSS 23 Subject to section 46 and except in case of a national failure of the ACSS within the meaning of the rules, the Association shall ensure that the ACSS is operational on all business days.
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Access to information 24 Access to information relating to clearing and to the operation of the ACSS shall be governed by the rules.
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 25
Participants 25 Only direct clearers, group clearers, clearing agents and the Bank of Canada may make entries into the ACSS.
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Direct Clearers Appointment 26 Subject to section 32, the Board may, on completion by a member of the application procedures set out in the rules, appoint the member to act as a direct clearer if the member (a) maintains a settlement account with the Bank of Canada; (b) has established a loan facility with the Bank of Canada and has entered into any agreements that may be required by the Bank of Canada governing the settlement of the member’s clearing balance, the administration of the loan facility, the provision by the Bank of Canada of advances for ACSS purposes and the pledging of collateral to secure advances that may be made under the loan facility; and (c) [Repealed, SOR/2020-167, s. 4] (d) meets the technical, financial and other requirements set out in the rules. SOR/2018-16, s. 2 SOR/2020-167, s. 4
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 27
Revocation of status 27 (1) The Board may revoke the direct clearer status of a member if that member no longer meets the requirements set out in section 26. Notification of revocation (2) The President shall, as soon as practicable, notify all members of the revocation. SOR/2010-43, s. 58
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 28
Groups and Group Clearers Composition of group 28 (1) A group may consist of (a) a central or cooperative credit association that has been appointed to be the group clearer and one or more of the following, including any combination of them: (i) centrals, (ii) cooperative credit associations, (iii) federal credit unions, (iv) locals, whether members or non-members, that belong to the group clearer, or (v) locals, whether members or non-members, that belong to another central or cooperative credit association if that central or cooperative credit association belongs to the group; or (b) two or more members from one of the following categories that have appointed a member of the category to be the group clearer: (i) authorized foreign banks and banks, excluding federal credit unions, (ii) trust companies and loan companies, (iii) securities dealers, or (iv) other members, excluding centrals, cooperative credit associations, federal credit unions, locals, qualified corporations, trustees of qualified trusts and life insurance companies. Central acting for non-member locals (2) For greater certainty, if two or more non-member locals belong to two centrals, one of which belongs to the other central, one of the centrals may appoint the other central to act as group clearer for itself and the non-member locals. SOR/2012-279, s. 2; SOR/2015-185, s. 22 SOR/2025-198, s. 3
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 29
Required approval 29 (1) An appointment referred to in section 28 is subject to the approval of the Board. Criteria for approval (2) The Board may approve the appointment if (a) the appointed member complies with the requirements set out in paragraphs 26(a), (b) and (d); and (b) [Repealed, SOR/2020-167, s. 5] (c) in the case of a group referred to in paragraph 28(1)(b), the appointed member enters into contractual commitments with each of the entities belonging to the group that are necessary to ensure the ability of the member to satisfy its liability as group clearer. SOR/2010-43, s. 59(E) SOR/2020-167, s. 5
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Revocation of status 30 (1) The Board may revoke the group clearer status of a member if that member no longer complies with the requirements set out in paragraph 26(a), (b) or (d) or, in the case of a group referred to in paragraph 28(1)(b), the contractual commitments referred to in paragraph 29(2)(c) no longer ensure the ability of the member to satisfy its liability as group clearer. Notification of revocation (2) The President shall, as soon as practicable, notify all members of the revocation. SOR/2010-43, s. 60; SOR/2012-161, s. 7 SOR/2020-167, s. 6
Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System — 32
Exception — Direct Clearer and Group Clearer Exception 32 A qualified corporation, on behalf of its money market mutual fund, a trustee of a qualified trust and a life insurance company are not eligible to be a direct clearer or group clearer.
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Clearing agents appointment 33 (1) The Board may, on completion by a direct clearer or group clearer of the application procedures set out in the rules, appoint it to act as a clearing agent if the direct clearer or group clearer meets the technical, financial and other requirements set out in the rules. Designation of a central (2) A group clearer that has been appointed to act as a clearing agent for an indirect clearer may, in accordance with the rules, designate a central that belongs to the group where the settlement account of that indirect clearer is maintained and the loan facility of that indirect clearer is established. Effect of designation (3) The designation of a central in accordance with subsection (2) by the group clearer appointed to act as a clearing agent does not preclude the group clearer from remaining subject to all obligations applicable to clearing agents set out in this By-law and in the applicable rules. SOR/2012-161, s. 9; SOR/2015-185, s. 23(F)
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Revocation of status 34 (1) The Board may revoke the clearing agent status of a direct clearer or group clearer that no longer meets the requirements set out in the rules. Automatic revocation (2) If a member’s status as direct clearer or group clearer is revoked, its status as clearing agent is also revoked. Notification of revocation (3) The President shall, as soon as practicable, notify all members of the revocation. SOR/2010-43, s. 61