Regulatory Alerts2022-12-15
Draft Regulation to amend Regulation 24-101 respecting Institutional Trade Matching and Settlement
The Quebec securities regulator proposes amendments to Regulation 24-101 to align institutional trade matching and settlement timelines with the T+1 standard. The draft replaces the previous T+1 noon deadline with a 9 p.m. Eastern Time deadline on the trade date (T) and updates related reporting forms to reflect these changes. Additionally, the regulation repeals specific sections and forms while updating terminology regarding cyber resilience and stress testing simulations.
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