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Legal Update

SEC Adopts T+2 Settlement Cycle for Securities Transactions

29 March 2017
Mayer Brown Legal Update
On March 22, 2017, the US Securities and Exchange Commission approved shortening the standard settlement cycle for most broker-dealer securities transactions to two business days after the date of the trade. This new settlement cycle, known as T+2, will replace the current T+3 standard for settling most securities transactions three business days after the trade. Broker-dealers will be required to comply with the new T+2 settlement requirements beginning on September 5, 2017. This Legal Update discusses the rule change and related practical considerations.

Authors

  • Laura D. Richman
    T +1 312 701 7304
  • John P. Berkery
    T +1 212 506 2552
  • Edward S. Best
    T +1 312 701 7100
  • Robert F. Gray, Jr.
    T +1 713 238 2600
  • Michael L. Hermsen
    T +1 312 701 7960
  • Debra B. Hoffman
    T +1 312 701 7219
  • Philip J. Niehoff
    T +1 312 701 7843
  • Jodi A. Simala
    T +1 312 701 7920
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