Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System

Marginal note:Obligation — non-member entities

4 Every member that exchanges payment items and either effects clearing and settlement or makes entries into the ACSS on behalf of a local referred to in subparagraph 6(1)(a)(ii) or an entity referred to in subparagraph 6(1)(a)(iii) shall ensure that the local or the entity complies with the by-laws and the rules as if it were a member.