ARTICLE
14 October 2016

Federal Register: SEC Requests Comments On Proposal To Shorten Standard Settlement Cycles For Securities Transactions

CW
Cadwalader, Wickersham & Taft LLP

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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
The SEC requested comments on a proposal to shorten the standard settlement cycle for most broker-dealer securities transactions.
United States Corporate/Commercial Law

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.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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