
An uphill climb to T+1 settlement
The SEC is pushing an aggressive schedule for faster settlement of equities and corporate bonds

Next year, on the Tuesday following the Memorial Day holiday weekend, US equity and corporate debt markets will move to T+1 settlement. But it’s not the Tuesday after a holiday weekend that the industry was asking for.
Earlier this month, three trade associations sent letters to the US Securities and Exchange Commission advocating for a compliance date of September 3, 2024. The Labor Day holiday weekend is shared with Canada, which will also move to T+1 in 2024. In 2017, when the US and Canada
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