• Deborah

On July 28, Payments Canada released its 2020-2024 Corporate Plan, highlighting a number of legislative and regulatory initiatives, including:

  • Introduction of the Retail Payments Oversight Framework (RPOF)

  • Review of the Canadian Payments Act

  • Consultation on the implementation of Open Banking

  • Assessment of the opportunity to issue Central Bank Digital Currency (CBDC)

The regulatory and policy landscape plays a central role in the transformation of the payments ecosystem and these initiatives may support greater payments competition and innovation to benefit all Canadians.

Read more: Payments Canada 2020-2024 Corporate Plan

Recent Posts

See All

01/06/2022 - Effective date of Amendments to National Instrument 81-105 Mutual Fund Sales Practices and Related Consequential Amendments relating to prohibition of deferred sales charges for investmen

According to the CFA Institute, the most common definition of a derivative is that it is “a financial instrument that derives its performance from the performance of an underlying asset.’’ There are t