Shortening Transaction Settlement Cycle Risk Alert (03/27/24)
The SEC Examination Division published a risk alert regarding the upcoming shortened settlement cycle, which officially began on May 28, 2024. The risk alert was intended to remind registrants and other market participants of the criticality of preparing for, and understanding the impact of, the shortened settlement cycle and announce the Exam program’s intent to continue engaging with registrants through examinations and outreach to assist with preparedness for the shorted settlement cycle. The risk alert further provided a sample list of requests examiners may request when conducting an examination, as an attachment to the risk alert.
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