Financial Services Industry Applauds SEC Action To Facilitate A Shorter Settlement Cycle - A Two-Day Settlement Cycle Will Yield Numerous Benefits For Investors, Industry, Regulators And All Market Participants

The T+2 Industry Steering Committee (T+2 ISC) applauds recent action by the Securities and Exchange Commission (SEC) to propose a rule change that will facilitate the move to a two-day settlement cycle. The proposed rule change will provide regulatory certainty necessary to help the financial services industry achieve its goal of moving to a two-day settlement cycle by September 2017.