Regulatory Alerts2017-03-29 | 2017-06037Added · Updated
Securities Transaction Settlement Cycle
The Securities and Exchange Commission adopted a final rule amending Exchange Act Rule 15c6-1 to shorten the standard settlement cycle for most broker-dealer transactions from three business days (T+3) to two business days (T+2). This regulatory change aims to reduce credit, market, and liquidity risks for clearing agencies and market participants while promoting operational efficiency and cross-border harmonization. The rule became effective on May 30, 2017, with full compliance required by September 5, 2017.
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