SEC chair Gary Gensler urges UK to set T+1 transition date
The TRADE
JUNE 21, 2024
Mutual funds and ETFs in the US have largely adopted a one-day settlement cycle by business practice, aligning portfolios from treasuries to equities. 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.
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