# Shortening the Securities Transaction Settlement Cycle
> **US Securities and Exchange Commission** · Final rule. · Published 2023-03-06 · Effective 2023-05-05 · 88 FR 13872
## Document
- **Document number:** 2023-03566
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 88 FR 13872
- **CFR reference:** 17 CFR 232
- **Publication date:** 2023-03-06
- **Effective date:** 2023-05-05
- **Docket:** Release Nos. 34-96930, IA-6239
## Abstract

The Securities and Exchange Commission ("Commission") is adopting rule amendments to shorten the standard settlement cycle for most broker-dealer transactions from two business days after the trade date ("T+2") to one business day after the trade date ("T+1"). In addition, the Commission is adopting new rules related to the processing of institutional trades by broker-dealers and certain clearing agencies. The Commission is also amending certain recordkeeping requirements applicable to registered investment advisers.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2023/03/06/2023-03566/shortening-the-securities-transaction-settlement-cycle)
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