Canada reconsiders T+1 implementation date following US ruling
Canadian regulator places “high importance” on transitioning on the same day as the US.
Canadian regulator places “high importance” on transitioning on the same day as the US.
Industry experts weigh in as US regulators fail to concede to industry demands for at least September 2024 deadline, with T+1 set to go live in the US on 28 May 2024.
Commissioners disagreed on the proposed implementation date, with amendments narrowly passing by three votes to two.
Decline in equities market were somewhat offset by increases in fails in both the corporate and government bond markets.