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UK taskforce recommends T+1 settlement by the end of 2027 in two-phase approach

The TRADE

The UK’s Accelerated Settlement Taskforce has recommended a two-phased approach to shortening the settlement cycle beginning with operational changes in 2025 and a full transition by the end of 2027. This is a major project that will keep the UK at the forefront of technology in capital markets.

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European T+1 Task Force acknowledges benefits of aligning with UK for transition in H2 2027

The TRADE

In a new report, the task force stated that this followed a range of views being expressed as to whether the date identified for the UK transition, H2 2027, could also be a feasible implementation date for the EU.

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Asset management association pushes for Europe to switch to T+1 in 2026

The TRADE

One other point was that there should be a recommendation, but not a regulatory requirement, to transition the mutual fund subscription and redemption settlement cycle to T+2 from the common T+3/4 in the UK and other popular EEA fund jurisdictions to coincide with the UK, EU and Swiss transition to T+1 in capital markets.

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All signs point towards Europe aligning T+1 move with UK and Switzerland

The TRADE

With regards to a timeline ESMA acknowledged the high level of interconnectedness between the EU capital markets and those in other jurisdictions in Europe, highlighting how a coordinated approach across Europe is “desirable”. The post All signs point towards Europe aligning T+1 move with UK and Switzerland appeared first on The TRADE.

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EIB Group activities in EU cohesion regions 2022

European Investment Bank

This year’s edition focuses on the Group’s contribution towards innovation for an inclusive, green and digital transition in line with the Innovation, Digital & Human Capital (IDHC) Orientation 2021-2027.

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Orgenesis Acquires Control of Octomera with the Goal of Progressing its Decentralized Immuno-Oncology Portfolio to Clinic

Global Newswire by Notified: M&A

an affiliate of Metalmark Capital Partners (“Metalmark”), for the acquisition of its approximate 25% stake in Octomera LLC (“Octomera”), the cell processing services subsidiary of the Company, thereby allowing the Company to have 100% ownership of this core strategic business unit.

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Inside the UK’s blueprint for the move to T+1 settlement

The TRADE

Following the US shift to T+1 settlement in May, the UK is gearing up for a 2027 shift and set to benefit from “second mover advantage” according to Andrew Douglas, chair of the T+1 technical group (TGT) of the UK Accelerated Settlement taskforce (AST).

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