24-319 Institutional Trade Matching and Settlement – Update and Staff Recommendation (National Notice)

24-319 Institutional Trade Matching and Settlement – Update and Staff Recommendation (National Notice)

• 24-319 Institutional Trade Matching and Settlement – Update and Staff Recommendation (National Notice)

  On December 15, 2022, the Canadian Securities Administrators published for comment proposed amendments to National Instrument 24-101 Institutional Trade Matching and Settlement.  This Notice contains CSA Staff’s views regarding changes to the 2022 Proposed Amendments based on industry feedback. Staff intend to recommend that our respective decision-makers adopt  a revised version of the 2022 Proposed Amendments that would include a trade-matching deadline of 3:59 a.m. Eastern Time on the day after the trade (rather than a trade-matching deadline of 9 p.m. Eastern Time on the date a trade is made as was published in the 2022 Proposed Amendments).

  Effective Date: August 10, 2023

  24_319_csa_staff_notice_august_10_2023.pdf