A system, method and computer program product for synchronizing updates to shared mutable data in a clustered data processing system. A data element update operation is performed at each node of the cluster while preserving a pre-update view of the shared mutable data, or an associated operational mode, on behalf of readers that may be utilizing the pre-update view. A request is made for detection of a grace period, and grace period detection processing is performed for detecting when the cluster-wide grace period has occurred. When it does, a deferred action associated with the update operation it taken, such as removal of a pre-update view of the data element or termination of an associated mode of operation.