Topic
Settlement Cycle
34 published works
Timely disclosure
Canada’s Move to a T-2 Settlement Cycle
By Ryan Mapa, Zach Austin
Effective September 5, 2017, the settlement cycle in the Canadian and US securities markets will be shortened from three days after the date of a trade (T+3) to two days…
Corporate & Financial Weekly Digest
ISDA To Publish T+2 Protocol
On September 5, the regular settlement cycle for most securities transactions in the United States will change from three days (T+3) to two days (T+2). In order to assist derivative…
Canadian Securities Law
TSX Ex-Dates Transition to T+2
In connection with the settlement cycles in Canadian and U.S. capital markets being shortened to trade date plus two business days (T+2) from trade date plus three business days (T+3),…
IM Insights
FINRA T+2 Rules Are Approved
In May 2017, in Regulatory Notice 17-19, FINRA announced the SEC approval of a variety of its proposed rule amendments relating to the upcoming move of the U.S. securities markets…
IM Insights
SEC Adopts T+2 Settlement Cycle for Securities Transactions
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…
Corporate & Financial Weekly Digest
SEC Adopts Amendment to Shorten Settlement Cycle for Securities Transactions
By Alyse A. Sagalchik, James M. Brady, Mark D. Wood, Mark J. Reyes, Janet M. Angstadt
On March 22, the Securities and Exchange Commission adopted an amendment to Rule 15c6-1(a) that shortens the standard settlement cycle for most broker-dealer securities transactions from three business days (known…
Capital Markets
Locke Lord QuickStudy: T+2 Settlement Cycle is Here: Do We Have to Close Our Securities Offering in Just Two Days?
On March 22, 2017, the Securities and Exchange Commission (the SEC) adopted an amendment to the standard settlement cycle rule (the Amendment) to shorten the settlement cycle for broker-dealer transactions…
Corporate and Securities Law
SEC Approves T+2 settlement; Abides by T+4 settlement for Firm Commitment Deals
IM Insights
Twenty-Three Years Later, One Day Shorter: SEC Proposes T+2 Rule Amendment
Twenty-three years after adopting Rule 15c6-1 under the Securities Exchange Act of 1934 (“Exchange Act”) to establish T+3 as the standard settlement cycle for broker-dealer transactions, on September 28, 2016,…
Corporate & Financial Weekly Digest
SEC Proposes Amendment to Expedite Settling Securities Transactions
By Ross Pazzol
On September 28, the Securities and Exchange Commission proposed amending SEC Rule 15c6-1 to shorten the settlement cycle for securities transactions involving broker-dealers from three business days after the trade…