{"id":608,"date":"2017-03-30T13:55:30","date_gmt":"2017-03-30T13:55:30","guid":{"rendered":"http:\/\/localhost\/?p=608"},"modified":"2017-03-30T14:27:28","modified_gmt":"2017-03-30T14:27:28","slug":"sec-adopts-t2-settlement-cycle-for-securities-transactions","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2017\/03\/30\/sec-adopts-t2-settlement-cycle-for-securities-transactions\/","title":{"rendered":"SEC Adopts T+2 Settlement Cycle for Securities Transactions"},"content":{"rendered":"<p>On March 22, 2017, as previously anticipated by the market, the SEC adopted an <a href=\"https:\/\/www.sec.gov\/rules\/proposed\/2016\/34-78962.pdf\" target=\"_blank\">amendment to Rule 15c6-1<\/a> under the Securities Exchange Act of 1934 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 (T+2).\u00a0 The SEC proposed the amendment on September 28, 2016, in connection with a variety of related changes to the SEC\u2019s rules and the rules of self-regulatory organizations such as FINRA to facilitate the U.S.\u2019s move to a T+2 settlement cycle.<\/p>\n<p>According to the SEC, Rule 15c6-1, as amended, is designed to enhance efficiency, reduce risk, and ensure a coordinated and expeditious transition by market participants to the shortened standard settlement cycle.<\/p>\n<p><a href=\"http:\/\/www.bdiaregulator.com\/2017\/03\/sec-adopts-t2-settlement-cycle-for-securities-transactions\/\">Read More Here<\/a><\/p>\n<p>Additional contributor to this post:<\/p>\n<p><a href=\"https:\/\/www.mofo.com\/people\/matthew-kutner.html\">Matthew J. Kutner<\/a>,\u00a0<a class=\"emailPopup\" href=\"mailto:mkutner@mofo.com\">mkutner@mofo.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On March 22, 2017, as previously anticipated by the market, the SEC adopted an amendment to Rule 15c6-1 under the Securities Exchange Act of 1934 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 (T+2).\u00a0 The SEC proposed the amendment on &hellip; <a href=\"https:\/\/bdia.pli.edu\/index.php\/2017\/03\/30\/sec-adopts-t2-settlement-cycle-for-securities-transactions\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">SEC Adopts T+2 Settlement Cycle for Securities Transactions<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,21],"tags":[],"class_list":["post-608","post","type-post","status-publish","format-standard","hentry","category-compliance","category-regulatory"],"aioseo_notices":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=608"}],"version-history":[{"count":0,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/608\/revisions"}],"wp:attachment":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}