Regulatory Alerts2022-12-15
CSA Notice of Consultation: Draft Regulation to Amend Regulation 24-101 Respecting Institutional Trade Matching and Settlement
The Canadian Securities Administrators propose amendments to Regulation 24-101 to facilitate the migration to a T+1 settlement cycle for equity and long-term debt trades in 2024. The draft revisions accelerate the institutional trade matching deadline from noon on T+1 to 9 p.m. on the trade date and permanently repeal the burdensome exception reporting requirement. Additionally, the document includes housekeeping updates to clarify existing requirements and align regulatory references with the new settlement timeline.
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