Canadian Payments Association By-law No. 1 — General

Marginal note:Additional information

4 The applicant must also provide to the Association,

• (a) if it is subject to a regulatory authority, the name of the regulatory authority and the applicant’s authorization for the Association to contact and receive information about the applicant from that regulatory authority;

• (b) if it is a securities dealer, evidence of its membership in one of the organizations referred to in section 2 of the Canadian Payments Association Membership Requirements Regulations and evidence of registration as a securities dealer under provincial laws;

• (c) if it is a qualified corporation, on behalf of its money market mutual fund, a copy of the most recent version of its prospectus, a copy of the prospectus receipt from a securities commission, a copy of its most recently published list of investments and a legal opinion certifying that the applicant meets all of the membership requirements set out in the Act, the regulations and the by-laws;

• (d) if it is a trustee of a qualified trust, a certified copy of its trust agreement, a copy of the most recent version of its prospectus, a copy of the prospectus receipt from a securities commission, a copy of its most recently published list of investments and a legal opinion certifying that the applicant meets all of the membership requirements set out in the Act, the regulations and the by-laws;

• (e) if it is a central, a trust company, a loan company or a local, a declaration setting out that it accepts deposits transferable by order and, if applicable, its confirmation of a clearing arrangement;

• (f) if it accepts deposits transferable by order, a declaration setting out that it accepts deposits transferable by order, evidence that the deposits made with the applicant are insured or guaranteed under a federal or provincial statute and, if applicable, its confirmation of a clearing arrangement;

• (g) if it is a payment service provider referred to in paragraph 4(2)(i) of the Act, evidence that it is registered, as defined in section 2 of the Retail Payment Activities Act; and

• (h) if it is a clearing house of a clearing and settlement system, as those terms are defined in section 2 of the Payment Clearing and Settlement Act, evidence that the clearing and settlement system is designated under subsection 4(1) of that Act.