Final Rule
Securities Transaction Settlement Cycle
Overview
The Securities and Exchange Commission ("Commission') is adopting an amendment to the Settlement cycle Rule (Rule 15c6-1(a)) under the Securities Exchange Act of 1934 ("Exchange Act') to shorten the standard settlement cycle for most broker-dealer transactions from three business days after the trade date ("T+3') to two business days after the trade date ("T+2').
Prior Actions
Proposed Rule (34-78962)
Release Number
34-78962
SEC Issue Date
Sept. 28, 2016
Federal Register Publish Date
Oct. 5, 2016
Document Citation
81 FR 69240
RIN
3235-AL86
Resources
Details
File Number
S7-22-16
Rule Type
Final
Release Number
34-80295
SEC Issue Date
March 22, 2017
Effective Date
60 days after publication in the Federal Register
Compliance Date
September 5, 2017
Federal Register Publish Date
March 29, 2017
Document Citation
82 FR 15564
RIN
3235-AL86