SEC’s Office of Investor Education and Advocacy tackles the shortening of the settlement cycle
The CSA says most current trade processing practices will be adequate
The amendments are intended to ensure the transition to the T+2 settlement cycle takes place on Sept. 5 and is harmonized with the U.S.
The transition to a shorter settlement cycle is consistent with the U.S.
T+2 brings the cycle in line with other global markets
Proposal shortens settlement cycle from three business days to two
A shorter cycle is expected to mitigate risk in securities clearing and settlement
Revisions simplify standards and improve consistency
Canada to adopt T+2 settlement on Sept. 5, 2017
A new report details the central bank’s oversight of financial market infrastructure entities