A call to action for payment service providers: Recent updates to Canada’s Retail Payment Activities Act & Regulations
The publication of final regulations (the “Regulations”) under the Retail Payment Activities Act (the “RPAA”) on November 22, 2023, signified a major advancement in the creation of the Bank of Canada’s supervisory framework for retail payments and payment service providers […]
Canada’s Modern Slavery Act: Ho Ho Ho! – a Christmas gift from Public Safety Canada
On December 20, 2023, Public Safety Canada (“PSC”) published guidance (the “Guidance”) on the application of the Fighting Against Forced Labour and Child Labour in Supply Chain Act (“Canada’s Modern Slavery Act” or “CMSA”) set to come into force on […]
Balancing borders: Regulation of money service businesses in Canada and the United States
In our previous article in our series on money service businesses, we discussed the compliance reporting obligations for MSBs in Canada. In this article, we will explore the key similarities and differences between the MSB regulatory systems in Canada and […]
Point-of-sale financing and buy-now-pay-later plans: A regulatory overview
Developments in technology and the financial services industry have, in recent years, promoted drastic shifts in consumer behaviors. These changes were especially visible throughout the COVID-19 pandemic, during which retail e-commerce sales reached record levels. Accompanying this shift in consumer […]
Securitisation: Canada
Mondaq Comparative Guides
Jason Kroft and Alfred Apps, with contributions from Ahmad Adam, Ron Choudhury, Simon Igelman, Asim Iqbal, Luc-Antoine Manneh, Shaun Parekh and Margaret Shodeinde, author the Canada chapter for Mondaq’s Securitisation Comparative Guide. The guide provides a detailed analysis and comparison […]
British Columbia’s provincial bill regulating money service businesses
Money service businesses (“MSBs”) will now have greater oversight by the British Columbia Financial Services Authority (“BCFSA”). On March 29, 2023, British Columbia put forward Bill 19 – 2023 Money Services Businesses Act (“Bill 19”) which aims to regulate MSBs […]
Préoccupations des entreprises de services monétaires (ESM) en matière de lutte contre le recyclage des produits de la criminalité
Dans notre article précédent de la série sur les entreprises de services monétaires (les « ESM »), nous avons abordé les exigences que certaines entreprises doivent respecter pour s’inscrire à titre d’entreprise de services monétaires au palier fédéral. Dans le présent article, […]
Réglementation des entreprises de services monétaires au Canada : Le méconnu régime des entreprises de services monétaires
La Loi sur le recyclage des produits de la criminalité et le financement des activités terroristes (« LRPCFAT ») et ses règlements d’application encadrent les entreprises de services monétaires (« ESM ») au Canada. Les ESM sont réglementées par le Centre d’analyse des opérations […]
Ontario’s transition to Emissions Performance Standards (EPS) Program – December 15th pricing deadline fast approaching
Ontario’s Emissions Performance Standards (« EPS« ) program began replacing the federal Output-Based Pricing System (« OBPS« ) for greenhouse gas (« GHG« ) emissions regulation on January 1, 2022. On October 22, 2021, Ontario amended two regulations under the Ontario Environmental Protection Act (« EPA« ) in […]
Principes de cession réelle découlant de la jurisprudence canadienne
Dans de nombreuses transactions de financement structuré, l’objectif commercial des parties est d’effectuer une transaction qui donne lieu à un achat et à une cession réalisés entre un acheteur (la partie qui verse les fonds) et un vendeur (la partie […]
