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SIFMA's T+1 recommendations include suggestions to avert what it sees as adverse consequences.
One of the leaders in the push for T+1 settlement, SIFMA has relayed in a letter to the SEC its recommendations for the start date of a shorter settlement cycle — Tuesday, Sept. 3, 2024 — and for rule changes that would mitigate “potential adverse consequences.” SIFMA, the Investment Company Institute (ICI), and The Depository...
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