Navigating these challenging times together
Over the past few weeks, market volatility and unpredictability are on the rise, and investor confidence seemingly changes daily based on the latest developments. We are all watching intently, as the impacts of this instability affect each of us in some way, both at a professional level and at a personal level. At CIBC Mellon, we know these events can be particularly challenging for our clients and their stakeholders.
As the leading asset servicing provider in Canada, we pride ourselves on being a reliable, dependable ally that our clients can trust in difficult times. Time and again, we have demonstrated our ability to operate through significant changes, market fluctuations and crises. We are committed to remaining vigilant in an effort to deliver the highest level of service to you.
Please know that CIBC Mellon is here to support your business and work through these challenges together.
Change in CDS Operating Schedule due to the Good Friday Holiday in Canada on April 18, 2025
The Canadian Depository for Securities (CDS) has advised that Good Friday, on April 18, 2025, is an industry holiday, therefore, Canadian exchanges, Canadian banks and CDS will be closed that day. New York Link and Depository Trust Company (DTC) Direct Link participants have also been advised that April 18, 2025 is an industry holiday in the U.S. DTC and U.S. Federal Reserve Bank will be open while National Securities Clearing Corporation (NSCC) and all stock exchanges will be closed. CDS notes that on Easter Monday, which is on April 21, 2025, all exchanges, banks and CDS regional offices will be open.
CDS advises participants not to enter any cross-border movements for value date April 18, 2025. Please be advised that CIBC Mellon’s offices will be closed on the Good Friday holiday as well.
For more information, view the CDS bulletin. If you have questions, please contact your CIBC Mellon Client Manager.
Regulatory Approval Received for The Canadian Depository for Securities Post Trade Modernization Project
TMX-Canadian Depository for Securities (CDS) has received regulatory approval from federal and provincial authorities to proceed with the CDS Post Trade Modernization (PTM) Project implementation, starting Friday, April 25.
The new CDSX PTM Production environment will be released to stakeholders at 9 p.m. EDT on Saturday, April 26, with validations running until 9 a.m. EDT on Sunday, April 27. The system will go live on Monday, April 28.
The Canadian Investment Regulatory Organization Publishes Annual Priorities for Fiscal Year 2026
On April 10, 2025, the Canadian Investment Regulatory Organization (CIRO) released its Annual Priorities for the 2026 fiscal year, focusing on integration, business-as-usual operations and strategic objectives from its three-year plan.
Key initiatives include finalizing a harmonized rulebook, advancing advisor incorporation, supporting open banking, and enhancing investor education and protection.
CIRO also aims to improve regulatory efficiency through an upcoming efficiency program and by addressing industry trends like AI adoption, DIY investing and online advice. The organization emphasizes adaptability in the face of economic and technological changes to ensure effective and future-ready regulation.
For further details, please read CIRO’s news release.