MSRB Rules G-12 and G-15
Published on:
April 8, 2016
Committee:
SIFMA provides comments to the Securities and Exchange Commission (SEC) on on MSRB Rules. Draft changes to MSRB Rules G-12, on uniform practice, and G-15, on confirmation, clearance, settlement, would enable the first shortening of the municipal securities settlement cycle since 1995. The T+2 settlement cycle, if adopted by all relevant regulators, would apply across the securities industry, including not only municipal securities but also equity securities and corporate bonds.
See also:
SIFMA and ICI Submit Comments to the SEC Regarding Shortened Settlement Cycle Regulatory Initiatives