T+1 rolling settlement optionality allows exchanges to adopt or revert settlement cycles with notice and mandatory continuity. Stock exchanges may place selected securities under T+1 rolling settlement after giving at least one month's advance notice to stakeholders; once adopted for a security the exchange must continue T+1 for a minimum of six months and any subsequent switch between T+1 and T+2 requires one month's notice and observance of the same minimum continuity. There will be no netting between T+1 and T+2 settlements, the settlement option applies to all transaction types in the security on that exchange, and exchanges, clearing corporations and depositories must amend systems, procedures and rules to implement the optional T+1 regime.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
T+1 rolling settlement optionality allows exchanges to adopt or revert settlement cycles with notice and mandatory continuity.
Stock exchanges may place selected securities under T+1 rolling settlement after giving at least one month's advance notice to stakeholders; once adopted for a security the exchange must continue T+1 for a minimum of six months and any subsequent switch between T+1 and T+2 requires one month's notice and observance of the same minimum continuity. There will be no netting between T+1 and T+2 settlements, the settlement option applies to all transaction types in the security on that exchange, and exchanges, clearing corporations and depositories must amend systems, procedures and rules to implement the optional T+1 regime.
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