U.K. Fund Industry Told to Speed up Ahead of T+1 - EUROPE SAYS

U.K. fund industry told to speed up ahead of T+1

FCA endorses move to T+2 for funds that currently settle at T+3 or T+4 The post U.K. fund industry told to speed up ahead of T+1 appeared first on Investment Executive.

U.K. fund industry told to speed up ahead of T+1 - EUROPE SAYS

“The recommendation aims to align fund settlements more closely with plans in the U.K., EU and Switzerland to move securities trades to T+1 by the same date,”

One Year on From T+1 - Markets Media

Just over a year ago the U.S., Canada, and Mexico had cut their securities settlement price to T+1, one day after a trade, by 28 May 2024. This had repercussions across global capital markets, especially for overseas investors, and other regions are now aiming to coordinate with this shorter settlement cycle. For example, both the UK and the European Union are aiming to move to T+1 in October 2027. Lars-Göran Larsson, Vermiculus Vermiculus, the …