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Canada’s Real-Time Rail Moves Closer To Launch: RTR By-law Officially Published
Canada's Real-Time Rail system reaches a pivotal milestone with the publication of By-law No. 10, establishing the legal framework for instant payments and broader access to national payment infrastructure. The new framework introduces direct and indirect participation models, real-time gross settlement, and enhanced operational resilience while balancing innovation with system-wide risk controls. With implementation set for August 24, 2026, financial institutions and payment service providers face critical
McCarthy Tétrault LLP