Proposed Voluntary Code of Conduct Will Materially Affect Canada's Payments Systems If Adopted -- On November 19, 2009, the Honourable Jim Flaherty, Minister of Finance, announced the latest action the federal government will take to regulate Canada's credit and debit industry and released for public consultation a draft voluntary "Code of Conduct for the Credit and Debit Card Industry in Canada" (the "Code"). (...)

type Financial Services Client Update - December 2009