---
title: CLS declines delaying FX cutoff as US stock changes loom
description: "CLS Group, the largest currency settlement system, said on Tuesday it will not change its cut-off time for payment instructions for foreign exchange trades, dealing a blow to foreign asset managers hoping for some reprieve from a new U.S. rule putting them at risk of transaction failure. Beginning May 28, the U.S. Securities and Exchange Commission requires investors start settling U.S. equity transactions one day after the trade, or T+1, instead of the current two days.\n\nsource : investing"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [CLS declines delaying FX cutoff as US stock changes loom](https://blog.syzgroup.com/syz-the-moment/cls-declines-delaying-fx-cutoff-as-us-stock-changes-loom)

 Written by [Valérie Noël](https://blog.syzgroup.com/syz-the-moment/author/valérie-noël) | Apr 10, 2024, 12:29:11 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/cls-declines-delaying-fx-cutoff-as-us-stock-changes-loom)

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