2027 Capital Trading 
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. More than 80 trade associations and industry participants have volunteered to support the Technical Group.
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. In addition, pre-settlement matching was noted as being essential to identify and remediate potential issues as soon as possible.
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The TRADE
JULY 3, 2024
The shift to T+1 in the US can largely be described as a success – affirmation rates remain comfortably high, fail rates have stayed reasonably low and FX trades don’t appear to have shifted to bilateral settlement as feared. A few bps matter,” said Jim Goldie, EMEA head of capital markets, ETFs and indexed strategies, Invesco.
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.
The TRADE
MAY 8, 2025
Andrzej Domaski Under the proposal, the standard settlement cycle for transactions in transferable securities such as shares and bonds traded on EU venues would be shortened from T+2 to T+1. A shorter settlement cycle of one day will make our capital markets more efficient, said Andrzej Domanski, Polands minister of finance.
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”. The post All signs point towards Europe aligning T+1 move with UK and Switzerland appeared first on The TRADE.
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).
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