SEC chair Gary Gensler urges UK to set T+1 transition date
The TRADE
JUNE 21, 2024
Gensler highlighted that this change reduces market complexity, particularly in the area of corporate actions, where the ex-dividend date now aligns with the record date. This, however, is still up for debate and subject to change. Gensler reiterated the importance of this transition for the financial system.
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