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The SEC Office of Investor Education and Advocacy published an investor bulletin that explained how the new "T+2" securities settlement cycle will affect certain transactions with brokerage firms.
within Intellectual Property, Food, Drugs, Healthcare, Life Sciences and Transport topic(s)
in European Union
The SEC Office of Investor Education and Advocacy published an
investor bulletin that explained how the new
"T+2" securities settlement cycle will affect certain
transactions with brokerage firms.
As
reported previously, the standard settlement cycle will be
reduced from three business days after the trade date (T+3) to two
business days (T+2). The SEC bulletin notes that this will alter
the timing for a broker-dealer delivering a security on behalf of
an investor, and for payments by an investor who buys a security.
Investors are encouraged to consult with their broker-dealers about
how the new settlement cycle will affect specific accounts.
Broker-dealers will be required to comply with the new
settlement cycle with regard to trades executed on or after
September 5, 2017.
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.
