Feb. 10, 2023
Hi Amanda, and Happy Friday! Thanks for your help with scheduling for the meeting with the Chair and Abby. I think we’ll be able to get that nailed down imminently. Also, in case you haven’t already heard, industry is making a big push with Commissioners Crenshaw and Lizarraga on moving the transition date on T+1 from Easter weekend to Labor Day weekend. I have no doubt that we would be ready to transition in March, but it’s really an all or nothing move in which we need all firms to go at the same time, and we have significant concerns about smaller firms (some of them our corresponding firms) meeting the earlier timeframe. Given that the industry moved to T+2 over Labor Day weekend, and it went well, I think many would like to stick to the same timeframe for T+1. I’m not telling you anything new. Just wanted to make a final pitch in advance of next week’s open meeting in case there’s still an opportunity for adjustment. Thanks for listening, Kristy