Open banking: Proposed regulatory framework takes shape in Canada | Inside FinTech | Global law firm

Canada August 18, 2026 09:00 PM

The draft rules for participants in Canada's open banking regime address accreditation, the security of individuals' and businesses' data, national security considerations, consumer authentication, annual reporting obligations, record keeping, minimum service level standards, assessment fees for operating the framework, and penalties.

Open banking: Proposed regulatory framework takes shape in Canada | Inside FinTech | Global law firm

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