CSA updates industry on institutional trade matching deadline

TORONTO, Aug. 10, 2023 /CNW/ - The Canadian Securities Administrators (CSA) today published Staff Notice 24-319 to update industry on its recommendations regarding the T+1 trade matching deadline.

To provide timely information about the trade-matching deadline that will be included in the final amendments to National Instrument 24-101 Institutional Trade Matching and Settlement, the CSA published the notice today to help firms with their preparations for the transition to T+1.

If approved, the amendments to NI 24-101 are expected to come into force in alignment with the Canadian industry's move to a T+1 settlement cycle, currently expected to be May 27, 2024.

The CSA, the council of securities regulators of Canada's provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets.

For investor inquiries, please contact your local securities regulator.

SOURCE Canadian Securities Administrators

Ilana Kelemen, Canadian Securities Administrators, [email protected]; Tari Stork, Ontario Securities Commission, [email protected]