UK: U.S. Securities Law Briefing: SEC Shortens Standard Securities Settlement Cycle From T+3 To T+2

In a change widely expected by the market, the United States Securities and Exchange Commission (the "SEC") has adopted an amendment to Rule 15c6-1 under the United States Securities Exchange Act of 1934 that will shorten the standard securities settlement cycle from three days after the trade date ("T+3") to two days after the trade date ("T+2").

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