{"abstract":"The Securities and Exchange Commission (\"Commission\") proposes rules to shorten the standard settlement cycle for most broker-dealer transactions from two business days after the trade date (\"T+2\") to one business day after the trade date (\"T+1\"). To facilitate a T+1 standard settlement cycle, the Commission also proposes new requirements for the processing of institutional trades by broker-dealers, investment advisers, and certain clearing agencies. These requirements are designed to protect investors, reduce risk, and increase operational efficiency. The Commission proposes to require compliance with a T+1 standard settlement cycle, if adopted, by March 31, 2024. The Commission also solicits comment on how best to further advance beyond T+1.","action":"Proposed rule.","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2022/02/24/2022-03143.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"232","title":17},{"chapter":null,"citation_url":null,"part":"240","title":17},{"chapter":null,"citation_url":null,"part":"275","title":17}],"citation":"87 FR 10436","comment_url":null,"comments_close_on":"2022-04-11","correction_of":null,"corrections":[],"dates":"Comments should be received on or before April 11, 2022.","disposition_notes":null,"docket_ids":["Release Nos. 34-94196, IA-5957","File No. 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