The Canadian Securities industry is continuing their advancement towards conversion from a Trade date +3 day settlement period (T+3) to a Trade date + 2 day (T+2) settlement environment. The conversion is scheduled for September 5, 2017, which is concurrent with the conversion in the United States.
On March 22, 2017, the Securities and Exchange Commission adopted an amendment to Rule 15c6-1 (a) under the Securities Exchange Act of 1934, which shortens the standard settlement cycle for most broker-dealer transactions to T+2.
The Canadian Capital Markets Association (CCMA) is managing the conversion for the Canadian market, and continues to provide updates on their website at http://ccma-acmc.ca/en.