CANADIAN PAYMENTS ASSOCIATION
Registration:
2
of
21
(2005-02-22
to
2005-08-12)
Subject Matter: Retrospective:
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Over the past six months, the CPA met on one or more occasions with the following government departments: (a) The Department of Finance, the Financial Consumer Agency of Canada and Industry Canada with respect to the consumer protection provisions in CPA Rule E2 - Exchange for the Purpose of Clearing and Settlement of Electronic On-Line Payment Items, which was implemented on February 3, 2005. (b) The Department of Finance with respect to the 2006 federal review of financial institution legislation and in particular amendments to the Canadian Payments Act (and related CPA by-laws and rules) and the Bills of Exchange Act. (c) The Department of Finance and the Bank of Canada with respect to their respective oversight powers under the Canadian Payments Act and the Payment Clearing and Settlement Act. (d) The Department of Finance, Bank of Canada, Canada Post, Canada Revenue Agency, and Public Works and Government Services Canada with respect to the CPA's cheque imaging project.(e) Competition Bureau with respect to gathering general background information.(f) RCMP with respect to the CPA TECP project.
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Subject Matter: Prospective:
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The CPA will continue the discussions described under paragraphs (b), (c) and (d) with the noted government departments over the next six months. Under paragraph (b), the CPA will also likely be making presentations to the Senate Committee on Banking, Trade and Commerce and the House of Commons Finance Committee.
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Details Regarding the Identified Subject Matter
Categories
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Description
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Policy or Program
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CPA Rule E2 - Exchange for the Purpose of Clearing and Settlement of Electronic On-Line Payment Items,
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