Regulatory Alerts2024-05-27
Policy Statement to Regulation 24-101 Respecting Institutional Trade Matching and Settlement
The Canadian Securities Administrators issued this policy statement to provide guidance on Regulation 24-101, which establishes a framework for efficient institutional trade matching and settlement. The document requires registered dealers and advisers to implement policies ensuring trade data elements are verified and agreed upon by 3:59 a.m. Eastern Time on T+1. It further outlines the permissible use of trade-matching agreements or statements to define roles, responsibilities, and best practices among institutional investors, custodians, and dealers.
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