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T+1 Settlement in the US by May, 2024

yogibearbullyogibearbull
edited February 2023 in Other Investing
https://www.sec.gov/news/press-release/2023-29

"The Securities and Exchange Commission today adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to one (T+1).....The adopting release is published on SEC.gov and will be published in the Federal Register. The final rules will become effective 60 days after publication in the Federal Register. The compliance date for the final rules is May 28, 2024."

Legal minds may like the 314-page SEC document. https://www.sec.gov/rules/final/2023/34-96930.pdf

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