That's right, so the second part is that if they don't pass on a reduction in this case, merchants can withdraw themselves from their contracts. They can cancel their contracts without penalty.
On November 7th, 2024. See this statement in context.
On November 7th, 2024. See this statement in context.
November 7th, 2024 / 8:40 a.m.
Senior Director, Payments Policy, Financial Services Division, Department of Finance
That's right, so the second part is that if they don't pass on a reduction in this case, merchants can withdraw themselves from their contracts. They can cancel their contracts without penalty.
See context to find out what was said next.