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SEC amends settlement cycle for broker-dealer securities transactions

  • SEC document Image

Mar 23, 2017

The SEC has issued a final rule, “Amendment to Securities Transaction Settlement Cycle.”

The objective of the amendment is to “enhance efficiency, reduce risk, and ensure a coordinated and expeditious transition by market participants to a shortened standard settlement cycle.”

The amendment will become effective on September 5, 2017.

For more information, see the press release and final rule on the SEC’s Web site.

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