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SEC Reduces Standard Settlement Cycle from T+3 to T+2
27 March 2017
View Client Update
On March 22, 2017, the SEC announced that it has shortened the standard settlement cycle for broker-dealer transactions from T+3 to T+2, subject to certain existing exceptions.
The Amendment will not affect the settlement cycle exceptions set out in paragraphs (b)-(d) of Rule 15c6-1.
The compliance date for the shortened standard settlement cycle is September 5, 2017.
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