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US moves to T+1 settlement date

  • Writer: Monica VanHorn
    Monica VanHorn
  • Feb 15, 2023
  • 1 min read

February 15, 2023 - the SEC adopted changes to Rules 15c6-1(a) and 15c6-1(c) under the Securities Exchange Act of 1934 (Exchange Act) to shorten standard settlement for most securities transactions from two business days after trade date (T+2) to one (T+1). The amended rules were effective May 5, 2023 and subject to a May 28, 2024 compliance date.

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US moves to T+1 settlement date

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