The Canadian Securities Administrators have published a list of the firms that participated in its STP Readiness Assessment Survey.
The CSA says that it believes that straight-through processing (STP) is an extremely important initiative. It provided a survey to Canadian registrant and non-registrant firms to assess the preparedness of the industry in Canada for STP. The survey was available online from May 9 to May 30.
The CSA asked investment dealers, mutual fund dealers; investment counsels and/or portfolio managers, limited market dealers, mutual fund managers, discount brokers, and unrestricted brokers to complete the survey.
The regulators asked nearly 998 Canadian firms to participate in the survey and received 732 responses.
The CSA said the results are now being tabulated the results and the aggregate results will be published in the fall.