Tuesday April 7 2015
News Source: Global Exchanges
Focus: Other
Type: General
Country: Canada
Link: https://www.bcsc.bc.ca/Securities_Law/Policies/Policy2/PDF/24-312__CSA_Staff_Notice___April_2__2015/
During the Fall of 2014, in anticipation of the U.S. move to a shorter settlement cycle, staff from the Ontario Securities Commission (OSC) conducted a sample of industry interviews to gain a sense of the readiness of the Canadian industry to make the move to T+2. All the industry participants interviewed expressed the view that the Canadian industry must make the move to T+2 at the same time as the U.S. markets.
There was a consensus from the interviews that the overall industry would be able to make a smooth transition to T+2 once the date has been set. No significant stumbling blocks were identified.
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