Securities Law

BCN 2001/20 - CSA Notice 33-401 - Canadian Capital Markets Association - T + 1 White Paper [BCN - Rescinded]

Published Date: 2001-04-06
Effective Date: 2001-04-05

The Canadian and American securities industries plan to shorten the time it takes to clear and settle a securities trade from three days to one day after a trade. The Canadian Securities Administrators are publishing CSA Notice 33-401 - Canadian Capital Markets Association - T + 1 White Paper, which describes five alternatives to accomplish this in Canada. The T + 1 White Paper is available on the Canadian Capital Markets Association (“CCMA”) Internet website at www.ccma.acmc.ca.  The paper solicits comments on the alternatives and unresolved issues from Canadian securities industry stakeholders. The CCMA press release about the T + 1 White Paper is attached. It describes how comments on the White Paper, which are due by May 8, 2001, are to be submitted.


April 5, 2001.

 


Joyce C. Maykut, Q.C.
Vice Chair

Ref: CSA Notice 33-401

This Notice may refer to other documents. These documents can be found at the B.C. Securities Commission public website at www.bcsc.bc.ca in the Commission Documents database or the Historical Documents database.