Tag Archives: T+2 Settlement; SEC

SEC Adopts T+2 Settlement Cycle for Securities Transactions

The Securities and Exchange Commission (“SEC”) has adopted an amendment to shorten the standard settlement cycle for most broker-dealer securities transactions by one business day (“T+2”).  Currently, the standard settlement cycle for these transactions is three business days, known as T+3.  The amendment to Rule 15c6-1(a) shortens the settlement cycle to two business days. The … Continue reading SEC Adopts T+2 Settlement Cycle for Securities Transactions

SEC Adopts T+2 Settlement Cycle for Securities Transactions

The Securities and Exchange Commission (“SEC”) has adopted an amendment to shorten the standard settlement cycle for most broker-dealer securities transactions by one business day (“T+2”).  Currently, the standard settlement cycle for these transactions is three business days, known as T+3.  The amendment to Rule 15c6-1(a) shortens the settlement cycle to two business days. The … Continue reading SEC Adopts T+2 Settlement Cycle for Securities Transactions

T+2 Trade Settlement on Regulatory Horizon

Based upon a public statement issued by SEC Commissioner Michael S. Piwowar and Commissioner Kara M. Stein earlier this week,  it appears that that the plan to move from a three-day (T+3) trade settlement cycle to a two-day (T+2) trade settlement cycle is closer to being implemented. In the release, the Commissioners applauded industry’s leadership in seeking … Continue reading T+2 Trade Settlement on Regulatory Horizon