Regulatory Alerts2022-02-03
CSA Staff Notice 24-318: Preparing for the Implementation of T+1 Settlement
The Canadian Securities Administrators issued this notice to urge market participants to prepare for the industry-led transition from a T+2 to a T+1 securities settlement cycle by the first half of 2024. The regulator supports the move to reduce settlement risk and align Canadian standards with the United States while indicating it may recommend regulatory amendments to facilitate the change. Industry stakeholders are encouraged to coordinate with the Canadian Capital Markets Association and raise specific concerns regarding the operational and systemic adjustments required for implementation.
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