87 FR 10436
Shortening the Securities Transaction Settlement Cycle
Overview
The Securities and Exchange Commission ("Commission') is adopting rule amendments to shorten the standard settlement cycle for most broker-dealer transactions from two business days after the trade date ("T+2') to one business day after the trade date ("T+1'). In addition, the Commission is adopting new rules related to the processing of institutional trades by broker-dealers and certain clearing agencies. The Commission is also amending certain recordkeeping requirements applicable to registered investment advisers.
Prior Actions
Last Reviewed or Updated: July 5, 2023
Resources
Details
May 5, 2023
88 FR 13872