{"id":71120,"date":"2016-03-25T11:32:09","date_gmt":"2016-03-25T15:32:09","guid":{"rendered":"http:\/\/ccma-acmc.ca\/beta\/?page_id=71120"},"modified":"2023-03-26T18:20:07","modified_gmt":"2023-03-26T22:20:07","slug":"t2-operations-working-group","status":"publish","type":"page","link":"https:\/\/ccma-acmc.ca\/en\/committees-comites\/t3-to-t2-transition-project-committees-2015-2018\/t2-operations-working-group\/","title":{"rendered":"T+2 Operations Working Group (2015-2018)"},"content":{"rendered":"

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Operations Working Group (OWG) <\/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 Operations Working Group (OWG) has been mandated to identify all operational issues\/obstacles related to Canada\u2019s move from a securities settlement period of three days (T+3) to two days (T+2).<\/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 OWG 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 regulatory bodies.\u00a0 New members may join the OWG at any point.<\/p>\n

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

The OWG reports to the CCMA T+2 Steering Committee (\u201cT2SC\u201d) via the OWG Co-Chairs.<\/p>\n

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

The OWG will:<\/p>\n