Office of the Comptroller of the Currency September 11, 2017 – Federal Register Recent Federal Regulation Documents

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Securities Transaction Settlement Cycle

Document Number: 2017-19008

Type: Proposed Rule

Date: 2017-09-11

Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury

The OCC and the FDIC (``Agencies'') are proposing to shorten the standard settlement cycle for securities purchased or sold by national banks, federal savings associations, and FDIC-supervised institutions. The Agencies' proposal is consistent with an industry- wide transition to a two-business-day settlement cycle, which is designed to reduce settlement exposure and align settlement practices across all market participants.

https://regulations.justia.com/regulations/fedreg/2017/09/11/2017-19008.html