Currently, the North American investment industry supports a trade date plus two business days (T+2) transaction settlement period. However, the U.S. Securities and Exchange Commission (“SEC”) mandated the U.S. market participants to shorten this settlement cycle from T+2 to T+1, which has prompted the Canadian Capital Markets Association (CCMA) to announce to move in tandem with the U.S. market and support a T+1 settlement period standard in Canada.
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We would like to inform you that changes have been made to the Client Fee FAQ to clarify the following:
In preparation for the collection of 2024 Client Fees on June 30, please be advised that the Client Fee Dashboard has been reactivated.
Given the large number of documents we receive on a daily basis and in order to optimize their indexing to make your work easier, we would like to share with you a revamped version of our imaging procedure.
Please note that Monday, May 20, 2024, is a statutory holiday in several provinces of Canada, which means that markets and Fundserv will be closed and that no trading or settlement will take place on that day.
In preparation for the collection of 2024 Client Fees on June 30, please be advised that the Client Fee Dashboard has been reactivated.
In an effort to facilitate trading involving U.S. currency, we have gathered all the necessary steps in a comprehensive and easy-to-read procedure.
