{"id":76464,"date":"2023-08-10T18:26:39","date_gmt":"2023-08-10T22:26:39","guid":{"rendered":"http:\/\/ccma-acmc.ca\/en\/?p=76464"},"modified":"2023-08-10T20:03:16","modified_gmt":"2023-08-11T00:03:16","slug":"csa-staff-notice-helps-industry-move-forward-to-shorter-settlement-cycle","status":"publish","type":"post","link":"https:\/\/ccma-acmc.ca\/en\/csa-staff-notice-helps-industry-move-forward-to-shorter-settlement-cycle\/","title":{"rendered":"CSA Staff Notice Helps Industry Move Forward to Shorter Settlement Cycle"},"content":{"rendered":"<p>One of the Canadian investment industry\u2019s top challenges in the move with the United States to a shorter settlement cycle in May 2024 became less of an issue today with the release of a <a href=\"https:\/\/www.osc.ca\/sites\/default\/files\/2023-08\/csa_20230810_24-319_update-staff-recommendation.pdf\">CSA Staff Notice<\/a> regarding National Instrument (NI) 24-101 <em>Institutional Trade Matching and Settlement.\u00a0 <\/em>Before making systems and procedural changes to meet the related regulatory requirements, Canadian market participants had called for clarity on the timeline for confirming\/matching trade details in Canada.\u00a0 The securities rule-making process is typically long, with final rule changes in this case only expected to be published at the end of this year \u2013 a scant five months before implementation. The CCMA believes that today\u2019s CSA Staff Notice, signalling the intention to recommend 3:59 a.m. ET on T+1 as the time by which 90% of trades must be matched\/confirmed, goes a long way to providing the certainty that the industry has been pressing for.\u00a0 Read the CCMA\u2019s <a href=\"http:\/\/ccma-acmc.ca\/en\/wp-content\/uploads\/CCMA-Applauds-CSA-Staff-Notice-Supporting-Move-to-T1-2023-08-10.pdf\">Announcement<\/a> expressing appreciation for the Notice\u2019s publication today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the Canadian investment industry\u2019s top challenges in the move with the United States to a shorter settlement cycle in May 2024 became less of an issue today with the release of a CSA Staff Notice regarding National Instrument (NI) 24-101 Institutional Trade Matching and Settlement.\u00a0 Before making systems and procedural changes to meet [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-76464","post","type-post","status-publish","format-standard","hentry","category-releases"],"acf":[],"_links":{"self":[{"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/posts\/76464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/comments?post=76464"}],"version-history":[{"count":2,"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/posts\/76464\/revisions"}],"predecessor-version":[{"id":76466,"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/posts\/76464\/revisions\/76466"}],"wp:attachment":[{"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/media?parent=76464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/categories?post=76464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ccma-acmc.ca\/en\/wp-json\/wp\/v2\/tags?post=76464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}