US Regulators Release Final Rules for T+2
The final ruling from two US prudential regulators aligns both agencies with the markets regulator.
The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released their final ruling to allow the shorter settlement cycle to proceed on June 1, following an industry-wide implementation in September 2017, and amended rules released by the Securities and Exchange Commission (SEC) on May 30 of that year. It will become law 30 days after publication in the Federal Register.
The rule—which amends FDIC and OCC regulations at parts 12, 151, and 344
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