Regulatory Alerts2023-08-10
CSA Staff Notice 24-319 Regarding Regulation 24-101 respecting Institutional Trade Matching and Settlement
The Canadian Securities Administrators recommend amending Regulation 24-101 to set the institutional trade-matching deadline at 3:59 a.m. Eastern Time on the day after the trade. This change responds to industry feedback and aligns with the transition to a T+1 settlement cycle for equity and long-term debt trades in Canada. The recommended amendments are expected to come into force on May 27, 2024, subject to ministerial approval.
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