{"id":75271,"date":"2021-11-10T11:52:56","date_gmt":"2021-11-10T16:52:56","guid":{"rendered":"http:\/\/ccma-acmc.ca\/en\/?page_id=75271"},"modified":"2024-10-30T12:24:26","modified_gmt":"2024-10-30T16:24:26","slug":"t1-mutual-funds-working-group","status":"publish","type":"page","link":"https:\/\/ccma-acmc.ca\/en\/committees-comites\/t1-committees\/t1-steering-committee\/t1-mutual-funds-working-group\/","title":{"rendered":"T+1 Mutual Funds Working Group"},"content":{"rendered":"

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T+1 Mutual Funds Working Group (MFWG)<\/strong><\/h3>\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+1 Mutual Funds Working Group (MFWG) has been mandated to identify all operational issues and obstacles related to mutual funds as Canada moves from a standard 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 MFWG membership is open to individuals representing firms and organizations with an interest in the T+1 initiative.\u00a0 These firms and organizations include the manufacturers, broker-dealers, associations, service providers, industry utilities, self-regulatory organizations, and regulatory bodies.\u00a0 New members may join the MFWG at any point.<\/p>\n

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

The MFWG reports to the CCMA T+1 Steering Committee (T1SC) via the MFWG Chair.<\/p>\n

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

The MFWG will:<\/p>\n