SEC seeks to revive STP initiative
Regulatory Update
In a concept release published in mid-March, the SEC is seeking public comment on whether it should adopt a new rule or whether the self-regulatory organisations should be required to amend their existing rules to require the completion of the confirmation and affirmation process on trade date (T+0) when a broker provides delivery-versus-payment or receive-versus-payment privileges to a customer. The SEC is also seeking comment on the benefits and costs associated with implementing a settlement
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