Task Force for the Payments System Review Policy Paper C: Legislation Establishing the Payments Industry December 2011 Task Force for the Payments System Review ©Her Majesty the Queen in Right of Canada (2012) All rights reserved All requests for permission to reproduce this document or any part thereof shall be addressed to Public Works and Government Services Canada. Cette publication es [...] Cat. No.: F2‐214/5‐2012E‐PDF ISBN: 978‐1‐100‐20358‐4 Policy Paper C: Legislation–Establishing the Payments Industry Task Force for the Payments System Review Policy Paper C: Legislation —Establishing the Payments Industry Contents EXECUTIVE SUMMARY . [...] K. financial system, or Have serious consequences for business or other interests throughout the United Kingdom. In considering whether to specify a system, the Treasury must consider the following: The number and value of the transactions that the system presently processes or is likely to process in the future, The nature of the transactions that the system processes, Whether tho