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RPAA Registration
Compliance solutions for real estate professionals, accountants, and agents
Introduction to the RPAA
The Retail Payment Activities Act (RPAA) is a relatively new act in Canada and outlines the government commitment to regulate retail payment activities driven by innovative methods and technologies.
The RPAA will be the first regulatory regime for retail payment providers in Canada.
The RPAA comes in response to a need for broader regulatory provisions focused on protecting consumers, fostering competition and promoting innovation in the digital payments sector.
Many MSBs will be required to also register under the RPAA.
RPAA Registration & Compliance
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SageVista can assist with RPAA registration, including submission of documentation and prosecution of the RPAA application, as well as developing the necessary operational frameworks, risk management and incident response frameworks, and safeguarding of funds frameworks.
What is a Retail Payment Activity and a Service Provider?
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Will the RPAA apply to you?
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What are the requirements of the Act?
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Are You Exempt From the RPAA?
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Conclusion
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The preceding content is for informational purposes only and does not constitute legal or professional advice. To obtain such advice, please contact our offices directly.
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