Office Of The Comptroller Of The Currency Bulletin: T+2 Securities Transaction Settlement Cycle: Final Rule

Summary

The Office of the Comptroller of the Currency (OCC) published a final rule in the Federal Register to shorten the standard settlement cycle for securities purchased or sold by national banks, federal savings associations, and federal branches and agencies (together, banks). The final rule is being issued jointly with the Federal Deposit Insurance Corporation (FDIC).

The effective date of the final rule is October 1, 2018.

View the complete Bulletin.