Ronn Motor Group Inc (RONN)

[cableguy]

New (awesome) SEC regulation goes into effect May-28th, gonna change our trading tremendously... RONN

https://www.dtcc.com/ust1

About the Effort After more than three years of preparation, the final days are counting down to accelerate the U.S. securities settlement cycle from T+2 to T+1 on May 28, 2024.

It has been an enormous undertaking, with financial market participants from all over the globe taking part in preparations to ensure a smooth transition.

DTCC’s T+1 Conversion Guide. This details the steps DTCC will take during the T+1 conversion process, along with changes effective upon implementation of T+1 on May 28, 2024.
Firms should review contingency plans to ensure they are able to address any challenges should they arise, including considerations around same day affirmation, funding, and transaction processing.
The SIFMA Command Center will provide conversion status information, transparency into the activity of other participants, and serve as a forum for issue identification and socialization. The Command Center’s support will be most active from Friday, May 24 through Friday, May 31.
T+1 Tabletops: Preparing for Unplanned Events- DTCC conducted a series of tabletop exercises to assess the impacts of hypothetical outage scenarios in a T+1 settlement environment. See our summary of findings.