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FDIC | RIN: 3064-AE64 | Publication ID: Fall 2017 |
Title: ●Securities Transaction Settlement Cycle | |
Abstract:
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.
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Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 344 | |
Legal Authority: 12 U.S.C. 1817 to 1819 12 U.S.C. 5412 |
Legal Deadline:
None |
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Timetable:
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Additional Information: Comments: Email Comments@fdic.gov. Include the RIN number 3064-AE64 on the subject line of the message. | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.fdic.gov/regulations/law/publiccomments | Public Comment URL: www.fdic.gov/regulations/law/publiccomments |
RIN Data Printed in the FR: No | |
Related Agencies: Joint: TREAS/OCC; | |
Agency Contact: Annmarie Boyd Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3714 Email: aboyd@fdic.gov Benjamin J. Klein Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-7027 Email: bklein@fdic.gov |