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T+2 Securities Transaction Settlement Cycle: Notice of Proposed Rulemaking
On Friday, October 6, 2017, the OCC is requesting comment on a proposed rule to shorten the standard settlement cycle for securities purchased or sold by national banks or federal savings associations (collectively, banks). The proposal was issued jointly with the FDIC. The OCC initially posted the proposal to its website on September 1, 2017. It was published in the Federal Register on September 11, 2017, and the comment period ends on October 11, 2017.