The Canadian investment industry has committed to moving from a trade date plus three business days (T+3) settlement cycle to a trade date plus two business days (T+2) settlement cycle by September 5, 2017. The move to T+2 settlement is intended to reduce systemic risk and inefficiencies in the investment industry, and is in response to the financial events in 2008. The Canadian Capital Markets Association (CCMA) is coordinating the move to T+2 in Canada across the different segments of the investment industry. For more information visit the CCMA website.
Should MFDA Members have specific questions or issues with respect to the move to a T+2 settlement cycle, please contact the MFDA compliance manager assigned to your firm or Ken Woodard, Director of Communications and Membership Services, at 416-943-4602.