Regulatory Alerts2016-10-05 | 2016-23890Added
Amendment to Securities Transaction Settlement Cycle
The Securities and Exchange Commission proposes amending Rule 15c6-1 to shorten the standard settlement cycle for most broker-dealer transactions from three business days to two business days after the trade date. This change aims to reduce credit, market, and liquidity risks, thereby lowering systemic risk for U.S. market participants. The proposal seeks public comments on the economic impacts, costs, and benefits of transitioning to a T+2 settlement cycle by December 5, 2016.
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