The TRADE

MARCH 28, 2024

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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The TRADE

OCTOBER 14, 2024

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.

Trading 69

Trading Capital Market Collaboration Consulting 69

The TRADE

OCTOBER 22, 2024

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.

Asset Management 59

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The TRADE

OCTOBER 16, 2024

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”.

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Capital Market Government Trading Capital 81

The TRADE

OCTOBER 10, 2024

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).

Trading 59

Trading IT Capital Market Consulting 59

The TRADE

JULY 3, 2024

A few bps matter,” said Jim Goldie, EMEA head of capital markets, ETFs and indexed strategies, Invesco. The UK put together a taskforce in 2022, releasing its first report in March of this year that confirmed that the UK should move to T+1 no later than December 2027. We’re in a suboptimal place with global misalignment.

Trading 59

Trading Broker Funds Investment Manager 59

The TRADE

NOVEMBER 18, 2024

The European Securities and Markets Authority (ESMA) has proposed a move to T+1 in the EU by Q4 2027 – in line with the UK. Published in the watchdog’s final T+1 recommendations, ESMA recommends that the migration to T+1 occurs simultaneously across all relevant instruments – with a coordinated approach across the continent “desirable”. In a (..)

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