Final Rule
Shortening the Securities Transaction Settlement Cycle
Overview
The Securities and Exchange Commission ("Commission') is adopting rule amendments to shorten the standard settlement cycle for most broker-dealer transactions from two business days after the trade date ("T+2') to one business day after the trade date ("T+1'). In addition, the Commission is adopting new rules related to the processing of institutional trades by broker-dealers and certain clearing agencies. The Commission is also amending certain recordkeeping requirements applicable to registered investment advisers.
Prior Actions
Proposed Rule (34-94196)
Release Number
34-94196
IA-5957
SEC Issue Date
Feb. 9, 2022
Federal Register Publish Date
Feb. 24, 2022
Document Citation
87 FR 10436
RIN
3235-AN02
Resources
Details
File Number
S7-05-22
Rule Type
Final
Release Number
34-96930
IA-6239
SEC Issue Date
Feb. 15, 2023
Effective Date
May 5, 2023
Federal Register Publish Date
March 6, 2023
Document Citation
88 FR 13872
RIN
3235-AN02