Canadian Payments Act

Marginal note:Member Advisory Council

• 21.4 (1) There shall be a Member Advisory Council consisting of persons appointed by the Board.

• Marginal note:Object

  (2) The object of the Council is to provide counsel and advice to the Board on the Association’s operation of clearing and settlement systems, the interaction of those systems with other systems involved in the exchange, clearing or settlement of payments and the development of new technologies.

• Marginal note:Representative character

  (3) The Council shall be broadly representative of the diversity of the membership of the Association.