T+1 Securities Settlement Update March 2022 Background In 2017, Canada, the U.S., and other countries reduced the standard time it takes for debt, equity, derivatives, and investment fund transactions to settle, from three days after a trade (T+3) to trade date plus two days (T+2).Recent market volatility has increased systemic and...
Impact of proposed ban of DSC Sales on Segregated Funds
Intermediaries and insurers will be impacted by this proposed regulatory change Regulatory BackdropThe long-anticipated harmonization of regulations on Mutual Funds and Segregated Funds has begun. The Canadian Council of Insurance Regulators (CCIR) and the Canadian Insurance Services Regulatory Organizations (CISRO) have announced a plan to ban Deferred Sales Charge (DSC)...