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Regulation of Retail Payments in Canada: The Retail Payments Activities Act Is Here

June 23, 2021 - 1:00 PM - 2:00 PM

Please note that this program will be delivered in English.

As was expected and announced in the 2021 federal budget, Bill C-30 introduces a draft of the long-awaited Retail Payments Activities Act (RPAA). While there may be some unexpected issues with the implementing regulations, much can be gleaned from a review of the provisions of the RPAA as drafted.

Join Blakes Financial Services Regulatory lawyers as we discuss how the new regulatory payments regime, to be regulated by the Bank of Canada, is groundbreaking in that it provides for the first regulatory scheme for retail payment providers in Canada. 


  • What is the RPAA regime?

  • Who does the RPAA apply to?

  • Requirements of the RPAA

  • Real-Time Rail (RTR) going forward 



Mandatory Continuing Education

This program is eligible for up to 1 Substantive hour.

Please note that pursuant to the amendments to the Règlement sur la formation continue obligatoire des avocats (Regulation respecting mandatory continuing education for lawyers – available in French only) of the Barreau du Québec, which came into force on April 1, 2019, the status of “recognized provider” and the mandatory “recognition” of activities have been abolished.

Blakes will continue to provide you with a confirmation of participation for your records. As stipulated in the above-mentioned regulation, members must preserve supporting documents attesting their completion of training activities for a period of seven years beginning on April 30 following the end of the reference period during which such activities were completed.

British Columbia
This program has been accredited for 1 CPD Credit Hour with The Law Society of British Columbia.