E-12.000001 - Money-Services Businesses Act

Article 60 Versions de la disposition

2021-09-13

60. The Minister may make regulations determining

1°  (paragraph repealed);

2°  the form and content of licence applications;

3°  documents and persons for the purposes of the first paragraph of section 6;

4°  the time limit and procedure for informing the Minister of any change in the information filed with the Minister by a money-services business, including any change to the lists and other documents provided;

5°  the nature, form and content of the books, registers and records that a money-services business must maintain and rules relating to their preservation, use and destruction;

6°  which money-services businesses must provide security for the performance of their obligations, and the amount and form of the security;

7°  time limits for the purposes of this Act;

8°  the cases and manner in which the identity of a customer or a co-contracting party must be verified for the purposes of section 28;

9°  the manner in which notification of a financial transaction is to be given for the purposes of section 31;

10°  the nature, form and content of the reports, documents and statements required to be filed under section 33; and

11°  which persons are authorized to communicate information for the purposes of section 39.

2010, c. 40, Sch. I, s. 60; 2020, c. 5, s. 61.

2012-04-01

60. The Authority may make regulations determining

1°  the fees and tariffs payable for any formality required by this Act and for the services provided by the Authority, and payment terms and time limits;

2°  the form and content of licence applications;

3°  documents and persons for the purposes of the first paragraph of section 6;

4°  the time limit and procedure for informing the Authority of any change in the information filed with the Authority by a money-services business, including any change to the lists and other documents provided;

5°  the nature, form and content of the books, registers and records that a money-services business must maintain and rules relating to their preservation, use and destruction;

6°  which money-services businesses must provide security for the performance of their obligations, and the amount and form of the security;

7°  time limits for the purposes of this Act;

8°  the cases and manner in which the identity of a customer or a co-contracting party must be verified for the purposes of section 28;

9°  the manner in which notification of a financial transaction is to be given for the purposes of section 31; and

10°  the nature, form and content of the reports, documents and statements required to be filed under section 33.

2010, c. 40, Sch. I, s. 60.