United States:
Federal Register: SEC Requests Comments On Proposal To Shorten Standard Settlement Cycles For Securities Transactions
14 October 2016
Cadwalader, Wickersham & Taft LLP
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The SEC requested comments on a
proposal to shorten the standard settlement cycle for most
broker-dealer securities transactions. The proposal would shorten
the standard settlement cycle from three business days after
the trade date ("T+3") to two business days after the
trade date ("T+2"). The request for comments
was published in the Federal Register.
Comments on the proposal must be submitted by December 5,
2016.
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guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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