{"id":75268,"date":"2021-11-10T11:37:23","date_gmt":"2021-11-10T16:37:23","guid":{"rendered":"http:\/\/ccma-acmc.ca\/en\/?page_id=75268"},"modified":"2024-06-20T08:43:01","modified_gmt":"2024-06-20T12:43:01","slug":"t1-operations-working-group","status":"publish","type":"page","link":"https:\/\/ccma-acmc.ca\/en\/committees-comites\/t1-committees\/t1-steering-committee\/t1-operations-working-group\/","title":{"rendered":"T+1 Operations Working Group"},"content":{"rendered":"

[vc_row type=”container” padding_top=”” padding_bottom=””][vc_column][vc_column_text]<\/p>\n

T+1 Operations Working Group (OWG)<\/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 two days (T+2) to one day (T+1).<\/p>\n

The Canadian T+1 initiative is being coordinated in concert with the United States.\u00a0 The joint Canadian-American implementation date is targeted for the first half of 2024.<\/p>\n

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

The OWG membership is open to individuals representing firms and organizations with an interest in the T+1 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+1 Steering Committee (T1SC) via the OWG Co-Chairs.<\/p>\n

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

The OWG will:<\/p>\n