New SRO - Request for Comment: Proposed amendments to facilitate the investment industry's move to T+1 settlement

New SRO - Request for Comments - Amendments to facilitate the investment industry’s move to T+1 settlement
New SRO - Proposed Amendments to Facilitate the Investment Industry’s Move to T+1 Settlement Black-line copy of Proposed Amendments
New SRO - Board Resolution - Proposed Amendments to Facilitate the Investment Industry’s Move to T+1 Settlement

The New Self-Regulatory Organization of Canada (the New SRO) is publishing for a 60-day comment period proposed amendments to the New Self Regulatory Organization of Canada's Universal Market Integrity Rules and Investment Dealer and Partially Consolidated Rules (IDPC) (collectively, the Proposed Amendments) to facilitate the investment industry's move from a trade date plus two business days (T+2) settlement cycle to a trade date plus one business day (T+1) settlement cycle. The objectives of the Proposed Amendments are to ensure that the New SRO's requirements support the investment industry's move to T+1 settlement, modernize the IDPC rules related to buy-ins and physical delivery, and align the IDPC rules referencing settlement periods of mortgage-backed securities to the industry settlement periods. The move to a T+1 settlement cycle will align Canada with the U.S. capital markets.

Published: 2023-04-20
Comment period expires: 2023-06-19