Earlier this month, the Canadian Securities Administrators (CSA) released Staff Notice 24-319 that outlines their position and recommendations for the T+1 trade matching deadline to be included in National Instrument 24-101 Institutional Trade Matching and Settlement. The CSA will recommend a trade-matching deadline of 3:59 a.m. Eastern Time on the day after the trade (T+1) rather than a trade-matching deadline of 9 p.m. Eastern Time on the date a trade is made as was previously proposed. As a reminder, the move to T+1 is expected to be here before next summer on May 27, 2024.

August 31, 2023