The TSX Group Inc. has dropped plans to try to settle certain stocks in two days, rather than three, for the U.S. Thanksgiving holiday.

The TSX issued a notice back in May proposing special U.S. holiday settlement terms to take effect as of the U.S. Thanksgiving holiday, November 25. It proposed that trades in .U symbols, whose normal settlement day (T+3) falls on a U.S. banking holiday, will settle on T+2. It made an exception for stocks where a dividend has been declared where the record date falls on the day before the U.S. holiday. Trades in these stocks would retain the normal T+3 settlement date.

However, in a new notice, TSX Markets reports that it has been approached by several brokerage firms to halt the implementation of the proposal “as they feel further analysis is required”. It says, “Discussions were reopened in late August and the exchanges have agreed to defer the implementation of special settlement terms for .U symbols until a new consensus is reached.”