Consumer-Driven Banking Act (S.C. 2026, c. 3, s. 224)

AMENDMENTS NOT IN FORCE

• — 2026, c. 22, s. 26

  • 26 Subsection 23(1) of the Consumer-Driven Banking Act is replaced by the following:

    • Suspension

      • 23 (1) The Bank may suspend a participating entity’s accreditation if the Bank is satisfied that the participating entity has contravened this Act or its regulations, sections 30.2 to 30.5 of the Bank of Canada Act or regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act.

• — 2026, c. 22, s. 27

  • 27 Section 25 of the Act is replaced by the following:

    • Notice of intent to revoke accreditation

      25 The Bank may give a participating entity a notice of intent to revoke the participating entity’s accreditation if the Bank is satisfied that the participating entity has contravened this Act or its regulations, sections 30.2 to 30.5 of the Bank of Canada Act or regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act. A notice of intent must include reasons.

• — 2026, c. 22, s. 28

  • 28 Subsection 36(1) of the Act is replaced by the following:

    • Suspension

      • 36 (1) The Bank may suspend an accredited third-party service provider’s accreditation if the Bank is satisfied that the accredited third-party service provider has contravened this Act or its regulations, sections 30.2 to 30.5 of the Bank of Canada Act or regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act.

• — 2026, c. 22, s. 29

  • 29 Section 38 of the Act is replaced by the following:

    • Notice of intent to revoke accreditation

      38 The Bank may give an accredited third-party service provider a notice of intent to revoke the accredited third-party service provider’s accreditation if the Bank is satisfied that the accredited third-party service provider has contravened this Act or its regulations, sections 30.2 to 30.5 of the Bank of Canada Act or regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act. A notice of intent must include reasons.

• — 2026, c. 22, s. 30

  • 30 The heading before section 140 and sections 140 and 141 of the Act are repealed.

• — 2026, c. 22, s. 31

  • 31 Paragraph 155(1)(a) of the Act is replaced by the following:

    • (a) designating as a violation the contravention of a specified provision of this Act or its regulations — or of sections 30.2 to 30.5 of the Bank of Canada Act or of regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act — or the non-compliance with orders made, undertakings required, compliance agreements entered into or directions made under this Act;