[News](https://www.payments.ca/insights/news-research?field_article_type=24) # Update on implementation timing of Lynx Release Two November 2, 2022 Over the past week, Payments Canada has been working closely with Lynx participants, our partners (IBM and Nexi), and the Bank of Canada, to determine the path forward should Swift decide to delay the global implementation of ISO 20022. On October 27, 2022, [Swift officially announced](https://www.swift.com/news-events/news/swift-accepts-community-request-start-iso-20022-migration-march-2023) their decision to reschedule from November 2022 to March 2023. As noted in the announcement, this decision was driven by the need to align the start of the global ISO 20022 migration for CBPR+ with the [ECB’s updated timetable](https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr221020~432ea01228.en.html) to ease implementation. Swift was clear that any additional delay beyond March 2023 will not be considered. Changes to Swift’s planned implementation timing will not impact our timeline for the delivery of the technical solution for Lynx Release Two, but it will impact our go-live date. While Payments Canada and Lynx participants are ready to deliver in November, we have the technical agility to accommodate a delay from Swift. In acknowledgement of the impacts on Lynx participants and after extensive consultation, we will move forward as planned with the deployment of the technology needed to support Lynx Release Two in November 2022, but will postpone the activation of the technology until March 2023, in alignment with Swift’s revised implementation date. Planned Lynx Rule amendments will come into effect on November 20, 2022. However, the amendments related to the use of payment messages in the Lynx MX format will not be relevant until March 2023, in line with the technology activation. We look forward to bringing the benefits of ISO 20222 to Canadians through [Lynx](https://payments.ca/systems-services/payment-systems/high-value-payment-system-lynx), our country’s high-value payment system, at the same time as the global payments community. [Return to newsroom](https://www.payments.ca/insights/news-research) ## Keep reading [ ![placeholder.png](/sites/default/files/styles/article/public/placeholder.png?h=5dafd208&itok=qKDbzxAp) News October 1, 2026 ### Payments Canada welcomes six new members as expanded membership... Twenty-two new members have joined since 2025 regulatory changes — a necessary step for those seeking access to critical national payment infrastructure, including the forthcoming Real-Time Rail... ](https://www.payments.ca/payments-canada-welcomes-six-new-members-expanded-membership-eligibility-reaches-one-year-milestone)[Learn more](https://www.payments.ca/payments-canada-welcomes-six-new-members-expanded-membership-eligibility-reaches-one-year-milestone) [ ![placeholder.png](/sites/default/files/styles/article/public/placeholder.png?h=5dafd208&itok=qKDbzxAp) News September 25, 2026 ### Payments Canada names Stephan Orzechowski as Vice President... Payments Canada is pleased to announce the appointment of Stephan Orzechowski as Vice President, Strategic Partnerships and Business Transformation. Stephan will lead strategic vendor partnerships... ](https://www.payments.ca/payments-canada-names-stephan-orzechowski-vice-president-strategic-partnerships-and-business)[Learn more](https://www.payments.ca/payments-canada-names-stephan-orzechowski-vice-president-strategic-partnerships-and-business) [ ![placeholder.png](/sites/default/files/styles/article/public/placeholder.png?h=5dafd208&itok=qKDbzxAp) News July 27, 2026 ### ACSS rule changes enhance payment system processes Updates provide expanded definitions and process efficiency Payments Canada has implemented a series of administrative and operational amendments to the Automated Clearing Settlement System (ACSS)... ](https://www.payments.ca/acss-rule-changes-enhance-payment-system-processes)[Learn more](https://www.payments.ca/acss-rule-changes-enhance-payment-system-processes)