Regulatory Alerts2022-02-24 | 2022-03143Added
Shortening the Securities Transaction Settlement Cycle
The Securities and Exchange Commission proposes rules to shorten the standard settlement cycle for most broker-dealer transactions from two business days to one business day. The proposal mandates same-day affirmation for institutional trades, new recordkeeping for investment advisers, and straight-through processing requirements for clearing agencies. Compliance with these measures is required by March 31, 2024, while the Commission also solicits comments on potential pathways to achieve same-day settlement.
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