Regulatory Alerts2023-12-14
Amendments to Policy Statement to Regulation 24-101 respecting Institutional Trade Matching and Settlement
The regulator amends Policy Statement to Regulation 24-101 to update references from the Investment Industry Regulatory Organization of Canada to the Canadian Investment Regulatory Organization. The changes include replacing specific IIROC member rules with corresponding IDPC rules and adjusting operational deadlines, such as shifting a time requirement from noon to 3:59 a.m. and moving from a T+2 to a T+1 settlement cycle. Additionally, the document repeals certain sections and reorganizes the remaining provisions regarding information reporting and confidentiality.
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