Welcome to our webinar, “Registration of Existing MSBs with the Bank of Canada under RPAA Regulations.”
This session is designed to give you a thorough understanding of the Retail Payment Activities Act (RPAA) and its impact on Payment Service Providers (PSPs) and Money Services Businesses (MSBs) operating in Canada.
In the first part of the webinar, we will explain the RPAA—what it entails, the regulatory body overseeing PSPs, and the criteria for qualifying as a PSP under the act. We will also discuss key provisions and significant changes introduced by the RPAA, outlining their effects on Canada's payments landscape.
The second part will focus on the practicalities of registration under the RPAA. We will cover the key compliance obligations companies must meet, the registration criteria with the Bank of Canada, and offer a step-by-step guide to the registration process. Additionally, we will review specific requirements under RPAA regulations to ensure your organization is well-prepared for compliance.
Welcome speech
Speaker:
Anastasiia Shamshyna
Introduction to the Retail Payment Activities Act (RPAA)
- What is the RPAA
- The regulatory body overseeing payment service providers (PSPs)
- Who is PSP in the context of the RPAA
- Key Functions Under the RPAA
- Key Changes in the RPAA
Registering Under the RPAA
- Overview of key compliance obligations under the RPAA
- Criteria for when companies must register with the Bank of Canada under RPAA regulations
- Review of requirements as outlined in the RPAA Regulations
- Important dates & deadlines
- Step-by-step guide to the registration process
Speakers:
Ihor Kreshchenko
