CHANGES TO TIME PERIODS FOR REGULAR-WAY SETTLEMENT AND REGULATION T COMING ON MAY 28, 2024

Taking the Series 66 in the near future? If so, then you should know that the SEC has changed the rules governing Regular-Way Settlement from two business days to only one business day. Regular-Way Settlement will be T+1, not T+2. The effective date of this rule change is one week from tomorrow, or May 28, 2024.

Furthermore, the rules of the Fed for payment in both cash and margin accounts now becomes three business days following trade date, or T+3. The former Fed rule was T+4.

Make sure that you know these new rules.

Here is the link to NASAA's Test Specifications for the Series 66 Exam. See Section III (J) (1) covering Regular-Way Settlement.

Bob Eder discusses Regular-Way Settlement in his Study for the Series 66 Exam.

Study for the Series 66 Exam is available from Amazon in both paperback and Kindle e-book versions. Here is the link to Bob Eder's Series 66 book on Amazon. 

For questions about Bob Eder's Series 66 Manual, Study for the Series 66 Exam, or questions in general about the Series 66 Exam, or about Regular-Way Settlement, feel free to email Bob Eder at bobeder@bobeder.net.

Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001. 

See Bob Eder's Author Page on Amazon.com.

P.S. Please consider posting a review of Bob Eder's Study for the Series 66 Exam on Amazon and/or Goodreads.