The Securities and Exchange Commission amended an existing rule to require broker-dealers to settle most securities purchases and sales two days after trade date as opposed to three days as currently done. Impacted securities will include stocks, bonds, municipal securities, exchange-traded funds and certain mutual funds; they will not include exempted securities. This new requirement is effective September 5. (Click here for background in the article “SEC Calls for T+2 Securities Transactions Settlements” in the October 2, 2016 edition of Bridging the Week.)