Fewer than two months to go… Here’s the latest issue of the CCMA’s Time to Talk T+1 released March 31, 2024. It features the following issues:
- T+1 implementation-related topics:T+1 Readiness Survey (please complete, if you have not already done so, by Friday, April 5); testing update; CCMA Two-Week T+1 Transition Support Plan; Project Acknowledgement Form and expected signatories.
- Requests to fund manufacturers: Please publicize the funds moving to T+1, avoid non-T+1 changes in the week following May 27, send formal notices of settlement cycle changes to stakeholders for the balance of 2024 .
- Generic T+1 material:wording to adapt for consistent advisor and retail client messaging.
- High priority issue update:Securities lending recall portal, implementation backout, ETF creation, FX, and ex-date processing.
- SEC-issued resources related to T+1:EXAMS announcement/risk alert, FAQs, and investor bulletin.
- ISDA/SIFMA T+1 Settlement Cycle Factsheet:comment on draft until Friday, April 5, 2024.
- And the usuals: Committee Updates, Tips & To-dos, Tools, and To Come.
If you have any questions or suggestions, please contact us at info@ccma-acmc.ca.