AFME forms European T+1 industry taskforce
Association will consider a decision to follow the US in implementing a shortened settlement cycle, and a timeframe for a potential switch.
Global Custodian: Canada Affirms Switch to T+1 with the U.S.
Canada affirms aligned switch to T+1 with US
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.
Asset Servicing Times: Canada/U.S. capital markets will move together to T+1
CCMA reaffirms Canadian market’s commitment to T+1 implementation date
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
Global Custodian: Industry ‘shock’ at SEC choice of May 2024 over Labour Day 2024
Settlement cycle reaction: Industry ‘shock’ as SEC opts for ‘ambitious’ T+1 timeline
Industry experts weigh in as US regulators fail to concede to industry demands for at least September 2024 deadline, with T+1 set to go live in the US on 28 May 2024.
Investment Executive: SEC Opts for Early Move to T+1
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/
Canada and the U.S. Will Transition to T+1 at the Same Time
Yes. Yes. Yes. Canada and the U.S. will transition to a shorter settlement cycle (T+1) at the same time – May 2024
On February 15, the CCMA released the following in English and French.
CCMA Announces SEC Releases Final T+1 Rules, Date / La SEC publie les règles finales afférentes au passage à T+1 et la date de transition
CCMA Issues Latest T+1 Newsletter / L’ACMC publie la nouvelle édition de son infolettre
This eighth issue of Time to Talk T+1 (January 31, 2022) includes:
- Canadian securities regulators proposed amendments to National Instrument (NI) 24-101: Institutional Trade Matching and Settlement and Companion Policy as well as issued Staff Notice 81-335 – Investment Fund Settlement Cycles
- CCMA published updated CCMA Canadian T+1 Asset List
- CCMA created Buyside Task Force
- U.S. developments
- Tips & to-dos, tools, and what to expect next.
If you have any questions or suggestions, please contact us at info@ccma-acmc.ca.
Dans ce huitième numéro de C’est le temps de parler T+1 (31 janvier 2023) :
- Les autorités canadiennes en valeurs mobilières ont proposé des modifications à la Norme canadienne (NC) 24-101 : Appariement et règlement des transactions institutionnelles et politique d’accompagnement, et ont publié l’Avis du personnel 81-335 : Cycles de règlement des fonds d’investissement.
- L’ACMC a publié la liste d’actifs canadiens T+1 mise à jour.
- L’ACMC a créé le Groupe de travail côté acheteur
- Mises à jour aux États-Unis
- Conseils et rappels, outils et événements à venir.
Pour toute question ou suggestion, veuillez écrire à info@ccma-acmc.ca
CCMA Announcement – CSA supports transition to T+1 / Annonce de l’ACMC – Les ACVM appuient la transition vers T+1
- December 15, 2022: CCMA Announcement – Canadian securities regulators outline steps to support transition to T+1
- Le 15 décembre 2022 : Annonce de l’ACMC – Les autorités en valeurs mobilières du Canada décrivent les étapes à suivre pour appuyer la transition vers T+1
CCMA Issues Latest T+1 Newsletter (Issue #7)
This issue of Time to Talk T+1 (November 2022) includes:
- Still no T+1 transition date, but time set for non-exchange trade entry and Canada’s ‘cover protect’ period will match the U.S.’s
- What does your hour-by-hour trade-entry data tell you?
- Reporting and penalties that could affect you if you trade in Canadian government debt
- What to expect in the next two months
If you have any questions or suggestions, please contact is at info@ccma-acmc.ca.
L’ACMC publie la nouvelle édition de son infolettre (numéro 7)
Dans ce numéro de C’est le temps de parler T+1 (novembre 2022) :
- Toujours pas de date de passage à T+1, mais la date est établie pour la saisie des opérations non boursières et la période de couverture du Canada correspondra à celle des États-Unis.
- Que vous révèlent vos données de saisie heure en heure?
- Les rapports et les pénalités pourraient vous toucher si vous négociez des titres du gouvernement du Canada
- À venir dans les deux prochains mois
Pour toute question ou suggestion, veuillez écrire à info@ccma-acmc.ca
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