Canadian Payments Act

Marginal note:Directives by Minister

• 19.3 (1) If the Minister is of the opinion that it is in the public interest to do so, the Minister may, in writing, direct the Association to make, amend or repeal a by-law, rule or standard.

• Marginal note:Consultation

  (2) Before a directive is given to the Association, the Minister shall consult the Board, and may consult any interested party, with respect to the content and effect of the directive.

• Marginal note:Notification of implementation

  (3) As soon as is practicable after implementing a directive and completing any action required to be taken in connection with it, the Association shall notify the Minister that the directive has been implemented and the action completed.

• Marginal note:Directive not statutory instrument

  (4) A directive is not a statutory instrument for the purposes of the Statutory Instruments Act. However, it must be published in the Canada Gazette.

• Marginal note:Implementation

  (5) The Board shall ensure that a directive is implemented in a prompt and efficient manner.

• Marginal note:Duty to comply

  (6) Every director, officer and employee of the Association shall comply with any directive given to the Association.