MFA Submits Comments to SEC on Shortening the Securities Transaction Settlement Cycle
December 5, 2016
On December 5, MFA submitted a response to the SEC’s proposed amendment to the securities transaction settlement cycle. MFA supported the SEC’s proposal to shorten the securities transaction settlement cycle to T+2, which would provide substantial benefits to market participants by decreasing operational, systemic, credit, liquidity and counterparty exposure risk. MFA also believes that shortening the settlement cycle to T+2 would be beneficial for investors as it would harmonize the U.S. securities market settlement cycle with major non-U.S. securities markets.