January 27, 2025 11:10 GMT
UK: Proposal to move to T+1 settlement in October 2027
UK
- There have been reports that Andrew Douglas, chair of the UK's Accelerated Settlements Taskforce (AST), has proposed a date of 11 October 2027 for the move to T+1. This is in line with the recommendation made by ESMA for the EU and a similar announcement by Switzerland last week. The final recommended date and implementation plan will be announced in February.
- Note that this was widely expected (as it makes sense to coordinate the move to T+1 with the EU and Switzerland) and the last report had recommended a move by the end of 2027.
- The last report from the AST was published in March (see here).
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