CLOSURE OF BURSA MALAYSIA DURING THAIPUSAM

Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) and its subsidiaries will be closed on Thursday, 25 January 2024, in conjunction with Thaipusam. Bursa Malaysia and its subsidiaries will resume operations on Friday, 26 January 2024.

U.S. SEC: New “T+1” Settlement Cycle

On February 15, 2023, the Securities and Exchange Commission adopted rule amendments to shorten the standard settlement cycle for most broker-dealer transactions from “T+2” to “T+1,” subject to certain exceptions.  The compliance date for the rule amendments is May 28, 2024, at which point the standard settlement cycle will be T+1.  The SEC’s Office of […]