Financial Services Industry Applauds SEC Action to Facilitate a Shorter Settlement Cycle
Published on:
September 28, 2016
Committee:
A two-day settlement cycle will yield numerous benefits for investors, industry, regulators and all market participants.
New York/London/Hong Kong/Singapore, 28 September, 2016 – The T+2 Industry Steering Committee (T+2 ISC) applauds recent action by the Securities and Exchange Commission (SEC) to propose a rule change that will facilitate the move to a two-day settlement cycle. The proposed rule change will provide regulatory certainty necessary to help the financial services industry achieve its goal of moving to a two-day settlement cycle by September 2017.
Read the Full Release at: www.ust2.com (pdf).