Federal Register: SEC Requests Comments on Proposal to Shorten Standard Settlement Cycles for Securities Transactions
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.
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