Under the Consumer-Driven Banking Act, the Bank of Canada will be responsible for supervising participants and setting standards for governance, risk management, and operational resilience.
We want to hear from you. Review our draft supervisory guidelines related to accreditation for consumer-driven banking and find out how to provide your feedback.
These are the first in a series of supervisory guidelines the Bank plans to issue as the framework is developed and will be followed by consultations on additional draft guidelines.
About the consultation
We have drafted supervisory guidelines related to accreditation to help participants understand the Bank’s proposed expectations under the Consumer-Driven Banking Framework. We are now seeking feedback from interested stakeholders on the standards and practices set out in the draft guidelines.
- Third-party service provider accreditation application requirements under the Consumer-Driven Banking Act
- Participating entity accreditation application requirements under the Consumer-Driven Banking Act
For this consultation, we want to know whether any aspects of the draft guidelines could be:
- clarified;
- difficult to implement in practice;
- discourage voluntary participation; or
- supported with additional examples or supporting information.
Share your feedback
To provide feedback on the draft guidelines:
- Send written feedback to .
- Include “Consumer-driven banking draft supervisory guidelines related to accreditation consultation” in the subject line.
- Identify the organization or individual submitting the feedback.
- Make your feedback as specific as possible and clearly indicate which section of the draft guideline each comment relates to, where applicable.
- Do not include confidential or commercially sensitive information unless it is clearly identified as such.
Comments can be submitted by email by December 8, 2026.
The Bank may reach out to respondents directly to obtain more information. The Bank may compile feedback into a final report which would anonymize and summarize comments.