Majority of Buy Side Have Not Prepped for T+1
SEC has set a May 2024 implementation date.
Source: tradersmagazine.com
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SEC has set a May 2024 implementation date.
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Firms may struggle to find the resources to implement the changes by May 2024.
Even if a fraction of the SEC's proposals are finalized, significant implementation efforts will be needed.
The transition to T+1 in the US is slated for the third quarter of 2024.