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

Version of section 4 from 2006-03-22 to 2010-02-28:

Marginal note:Obligation — non-member entities

 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.

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