Following some miscommunication around potentially split transition dates, the CCMA confirms to Global Custodian the Canadian market will move to the shortened settlement cycle on the same day as the US.
The Canadian Capital Markets Association has restated that Canada will reduce its standard securities clearing and settlement cycle to T+1 on the same date as the US
SEC rejects industry call for Labour Day 2024 transition. All industry associations that responded from the U.S., Europe, and Canada strongly advocated for a common three-day weekend. https://www.investmentexecutive.com/news/from-the-regulators/sec-opts-for-early-move-to-t1/
Read James Langton’s June 13 Investment Executive article about T+1 (and other) projects the Canadian capital markets will be juggling for the next two years.
Published September 18, 2017
Published May 29, 2017
Published August 28, 2017