{"id":110,"date":"2015-10-09T14:06:33","date_gmt":"2015-10-09T18:06:33","guid":{"rendered":"http:\/\/broker.commercegurus.com\/?page_id=110"},"modified":"2021-11-14T13:00:48","modified_gmt":"2021-11-14T18:00:48","slug":"t2-steering-committee","status":"publish","type":"page","link":"https:\/\/ccma-acmc.ca\/en\/committees-comites\/t3-to-t2-transition-project-committees-2015-2018\/t2-steering-committee\/","title":{"rendered":"T+2 Steering Committee (2015-2018)"},"content":{"rendered":"

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T+2 Steering Committee (TSC2)\u00a0<\/strong>– 2015-2018<\/em><\/strong><\/h1>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”container” padding_top=”” padding_bottom=””][vc_column width=”2\/3″][vc_column_text]Overview<\/strong><\/p>\n

The T+2 Steering Committee (T2SC) has been mandated to co-ordinate an industry-wide effort to shorten the securities settlement cycle from the current three day period, or T+3, to a two day period, or T+2. The T2SC will identify legal and regulatory changes, systems, processes and procedural changes, and ensure effective communication and education of the overall Canadian financial services industry.<\/p>\n

The Canadian T+2 initiative is being coordinated in concert with the United States.\u00a0 The joint Canadian-American implementation date is targeted for Q3-2017.<\/p>\n

Composition<\/strong><\/p>\n

The T2SC membership is open to individuals representing firms and organizations with an interest in the T+2 initiative.\u00a0 These firms and organizations include the buy-side, custodians, sell-side, service providers, industry utilities, self-regulatory organizations, and other regulatory bodies.<\/p>\n

Reporting Structure<\/strong><\/p>\n

The T2SC reports to the CCMA Board of Directors via the Executive Director\/Co-Chair of the T2SC.<\/p>\n

Responsibilities<\/strong><\/p>\n

The T2SC will, or will oversee working groups that will:<\/p>\n