For Immediate Release
August 10, 2023

CSA updates industry on institutional 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.