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The SEC granted a Belgian company relief from certain SEA requirements as to the conduct of tender offers in the Belgian company's planned acquisition of shares of another Belgian-incorporated company.

Commentary by Steven Lofchie

SEC Chair Gary Gensler touted the benefits of T+1 settlement, stating that the shorter settlement period will reduce market risk, protect the clearinghouses that stand between buyers and sellers, reduce the amount of margin that clearinghouses must collect, and improve market liquidity.