SEC Adopts T+2 Settlement Cycle for Securities Transactions

Posted by Howard Berkenblit on March 22, 2017 at 2:54 PM

The SEC today adopted an amendment to shorten by one business day the standard settlement cycle for most broker-dealer securities transactions. Currently, the standard settlement cycle for these transactions is three business days, known as T+3. The amended rule shortens the settlement cycle to two business days, T+2. Broker-dealers will be required to comply with the amended rule beginning on September 5, 2017.  For more information, view the SEC's press release.

Topics: broker-dealer securities transactios

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