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UK settlement taskforce to deliver T+1 report in January as timeline debate rumbles on

The TRADE

The taskforce filled with industry experts from across the securities services space was set up at the end of last year and had intentions to publish initial by December 2023 with a full report and recommendations will be made by December 2024. 

Trading 57
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Redefining Payments: Curlec by Razorpay Gains License to Acquire Merchants in Malaysia

Razorpay

Furthermore, we’re excited to share that Curlec by Razorpay is now a non-bank member of Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and shared central infrastructure for Malaysia’s financial markets.

Business 111
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US same day settlement ‘not a good idea’ despite technological advancement

The TRADE

In a letter to ESMA, the Association for Financial Markets in Europe (AFME) was against the immediate shift to T+0, stating: “We emphasise that we do not consider a default T+0 settlement cycle for securities transactions to be a realistic or desirable near-term policy objective.” asset-backed securities)”.

Trading 70
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European Parliament’s approval of Mifid/Mifir revisions a starting gun for change

The TRADE

With today’s approval, it is now time for the European Securities and Markets Authority (ESMA) to define the technical standards. For a member state where PFOF is currently allowed, they will continue to be able to offer this until 30 June 2026, after which it will be phased out.