# Prospectus Delivery; Securities Transactions Settlement
> **US Securities and Exchange Commission** · Final rules. · Published 1995-05-17 · Effective 1995-06-07 · 60 FR 26604
## Document
- **Document number:** 95-12007
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 60 FR 26604
- **CFR reference:** 17 CFR 202
- **Publication date:** 1995-05-17
- **Effective date:** 1995-06-07
- **Docket:** Release No. 33-7168
## Abstract

The Commission is adopting revisions to its rules and forms and a new rule in order to implement two solutions to prospectus delivery issues arising in connection with the change to T+3 securities transaction settlement. These revisions, among other things, include changes that highlight the location of the risk factor disclosure within the prospectus. In addition, the Commission is eliminating an exemption from T+3 settlement for purchases and sales of securities pursuant to a firm commitment offering, providing a T+4 time frame to firm commitment offerings under certain conditions, and adopting a modified procedure whereby participants in firm commitment offerings may agree to an extended settlement time frame.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1995/05/17/95-12007/prospectus-delivery-securities-transactions-settlement)
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