Japan Securities Dealers Association (JSDA) disclosed English version of final report of Working Group on Shortening Stock Settlement Cycle.

In July 2015, JSDA, TSE (Tokyo Stock Exchange) and JSCC (Japan Securities Clearing Corporation) set up the "Working Group on Shortening Stock Settlement Cycle (WG)" as its secretariat to conduct discussion among market participants and related parties for realization of shortening stock settlement cycle in Japan (change of settlement cycle to T+2).

Following the publication of “Interim Report of the Working Group on Shortening Stock Settlement Cycle” on December 29, the WG continued to work on the studies of the tasks raised in the interim report as remaining tasks for study, and published the study results at WG to date as the final report on June 30.

You can find the English translated versions below;

• Final Report of the Working Group on Shortening Stock Settlement Cycle (Tentative Translation) (June 30, 2016)
• Abstract of the Final Report of the Working Group on Shortening Stock Settlement Cycle (Tentative Translation) (June 30, 2016)
• Abstract of the Interim Report of the Working Group on Shortening Stock Settlement Cycle (Tentative Translation) (December 29, 2015)
• Brochure “Move to T+2 Settlement in Japan”

(Source: Japan Securities Dealers Association)

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