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Canadian Securities Regulators Seek Comment in Advance of Move to T+2 Settlement Cycle

  • Securities - CSA Image

Aug 18, 2016

On August 18, 2016, the Canadian Securities Administrators (CSA) published proposed amendments to National Instrument 24-101, Institutional Trade Matching and Settlement, in addition to CSA Consultation Paper 24-402, Policy Considerations for Enhancing Settlement Discipline in a T+2 Settlement Cycle Environment. The comment period is open until November 16, 2016.

Amendments to the National Instrument are being proposed as part of the Canadian securities industry’s plans to shorten the standard settlement cycle for trades from three days after a trade (T+3) to two days after a trade (T+2). The transition to T+2 will occur on September 5, 2017, the same date the markets in the United States are planning to move to a T+2 settlement cycle.

Review the press release on the CSA's Web Site.

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