SEC chair Gary Gensler urges UK to set T+1 transition date
The TRADE
JUNE 21, 2024
The current timeline for the UK appears to include a plan being put in place in 2025 with the implementation of a T+1 settlement cycle in UK occurring no later than 31 December 2027. European asset managers moved staff to the US to manage foreign currency risks during the US 4PM to 6PM time zone rather than late at night in Europe.”
Let's personalize your content