Highlights of the CCMA’s fourth newsletter, Time to Talk T+1, are:
- The SEC received 311 comment letters in answer to its T+1 proposals and proposed a ‘compliance (transition) date’ of ‘by March 31, 2024.’ Instead, the CCMA and other Canadian, American, and global associations have recommended a common three-day weekend, Labour Day 2024, as the best migration option.
- The only reasonable solution is changing the deadlines/schedules to require and enable more trades to be reported, corrected, allocated, and confirmed/affirmed before overnight batch settlement begins on trade date (T).
For more information, please contact:
Keith Evans, CCMA Executive Director
416.365.8594 | info@ccma-acmc.ca | www.ccma-acmc.ca