Notice
29 Jul 2025
regulatory compliance, securities, financial services, nscc, efficiency, market risk, acats
⏱️NSCC Proposes Enhancements to ACATS Account Transfer Process
The SEC published a notice regarding the NSCC's proposed rule change to enhance the Automated Customer Account Transfer Service (ACATS). The proposal aims to improve efficiency by eliminating the Settle Prep Day and the second day of the pending acknowledgment process for mutual fund transfers. This aims to expedite account transfers and align processes with the T+1 settlement cycle, enhancing overall transaction efficiency.
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