3064-AE64 201804 Unified Agenda of Federal Regulatory and Deregulatory Actions 3064 Federal Deposit Insurance Corporation FDIC Securities Transaction Settlement Cycle

The OCC and the FDIC (the Agencies) proposed to shorten the standard settlement cycle for securities purchased or sold by national banks, Federal savings associations, and FDIC-supervised institutions. The Agencies' proposal is consistent with an industry-wide transition to a two business-day settlement cycle, which is designed to reduce settlement exposure and align settlement practices across all market participants.

 

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage No No Independent agency 12 CFR 344 12 U.S.C. 1817 to 1819 12 U.S.C. 5412 No NPRM 09/11/2017 82 FR 42619 NPRM Comment Period End 10/11/2017 Final Rule 05/00/2018 Comments: Email Comments@fdic.gov. Include the RIN number 3064-AE64 on the subject line of the message. No No None No No www.fdic.gov/regulations/law/publiccomments www.fdic.gov/regulations/law/publiccomments No No 1557 Comptroller of the Currency OCC Joint Annmarie Boyd Assistant General Counsel 3064 Federal Deposit Insurance Corporation FDIC 202 898-3714 aboyd@fdic.gov 550 17th Street NW, Washington DC 20429 Benjamin Klein J. Senior Counsel 3064 Federal Deposit Insurance Corporation FDIC 202 898-7027 bklein@fdic.gov 550 17th Street NW, Washington DC 20429