- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2024-03-28T21:28:00
The Securities and Exchange Commission (SEC) wants broker-dealers and certain clearing agencies to know the expectations for the reduction of the settlement cycle for national and international trades from two business days after the trade date to one day (T+1).
In a risk alert published Wednesday, the SEC noted the reduction of the settlement cycle, which takes effect May 28, will place additional recordkeeping requirements on registered investment advisers.
The move to a T+1 settlement cycle for all trades will require registered entities to make changes to their business practices, computer systems, and technology solutions.
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