Notice of BCSC non-objection to proposed amendments to Canadian Investment Regulatory Organization’s (CIRO) amendments to facilitate the investment industry’s move to T+1 settlement

Notice of BCSC non-objection to proposed amendments to Canadian Investment Regulatory Organization’s (CIRO) amendments to facilitate the investment industry’s move to T+1 settlement

Canadian Investment Regulatory Organization (CIRO) - Rules Bulletin - Amendments to UMIR and IDPC Rules to facilitate the investment industry’s move to T+1 settlement 

Canadian Investment Regulatory Organization (CIRO) - Appendix A - Amendments to UMIR and IDPC Rules to facilitate the investment industry’s move to T+1 settlement - Blackline

Canadian Investment Regulatory Organization (CIRO) - Appendix B - Amendments to UMIR and IDPC Rules to facilitate the investment industry’s move to T+1 settlement - Clean

This Notice announces the BCSC’s non-objection to amendments to CIRO’s Universal Market Integrity Rules (UMIR) and the Investment Dealer and Partially Consolidated Rules (IDPC). The amendments are to harmonize the UMIR and IDPC rules with T+1 settlement cycle. The guidance on the regular settlement date to be used for certain foreign exchange hedge trades was updated to reflect the amendments and recommended practices under T+1 settlement.

Published: October 26, 2023.