Global Custodian Summer 2017 | Page 47

Summer 2017 globalcustodian.com industry conduct Information webinars, the The 47 Obtain implementation Develop industry efforts and | R E V I E W Q1 2015 Complete Industry-wide SSC Analysis Q2 2015 Publish “Shortening the Settlement Cycle: The Move to T+2” Q2 2015 ISC Recommends Rule Changes to Regulators Q1 2017 Complete Internal Build Q3 2017 Conclude Q3 2017 Conclude Industry- wide Testing Q3 2015 Regulators Provide Regulatory Support and Priority for T+2 Q4 2015 Regulators Publish Proposed Rule Changes Q2 2016 Regulators Publish Final Rule Changes and Implementation Dates T+2 Implementation Q3 2017 [ M A R K E T S E T T L E M E N T ] US T+2 Timeline