The UK is preparing for the move to a T+1 settlement cycle for securities, delivering positive change for the future of financial markets.

The UK is preparing for the move to a T+1 settlement cycle for securities, delivering positive change for the future of financial markets.

16 April 2025

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Latest UK T+1 Settlement research by ValueExchange

Latest UK T+1 Settlement research highlights strong market engagement ahead of transition, but firms need to act now to prepare .

14 April 2025

Newsletter

The UK Accelerated Settlement Taskforce Quarterly Review – Q1 2025

Welcome to the first 2025 Quarterly Review from the UK Accelerated Settlement Taskforce. In this newsletter, we will reflect on a busy last quarter and set the stage for what’s to come for the year ahead.

06 February 2025

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The UK T+1 Accelerated Settlement Taskforce (AST) has published its implementation plan for the UK’s transition from T+2 to T+1 securities settlement.

Financial markets globally are increasingly moving to shorten the settlement cycle from two days after the execution date, to one day after execution, known as a T+1 settlement cycle.

Events

16-18 June 2025

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The Network Forum, Madrid

The Network Forum hosts three days of learning and networking with 400 members of the European and global post-trade and custody world. Andrew Douglas will discuss the UK’s transition to T+1 settlement at this event.

14 May 2025

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TradeTech Conference, Paris

The TradeTech Conference offers attendees the opportunity to connect with leading buy-side decision-makers and the entire European equity ecosystem across three days. Andrew Douglas will discuss the UK’s transition to T+1 at this event.

8 May 2025

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SIFMA Operations Conference, Florida

SIFMA’s Operations Conference & Exhibition gathers operations and technology leaders from across the capital markets ecosystem. Bringing together the buy- and sell-sides, to share perspectives, drive industry-leading initiatives, and explore cutting-edge solutions to accelerate change. Andrew Douglas will discuss the UK’s transition to T+1 at this event.

Publications

10 April 2025

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Bank of England: Record of the Financial Policy Committee meetings on 4 and 8 April 2025

The Bank of England’s Financial Policy Committee (FPC) welcomed plans by HM Treasury, the FCA and the Bank to support an industry recommendation to move to T+1 settlement in UK markets by 11 October 2027. The Committee agreed that shortening the UK securities settlement cycle to T+1 would bring financial stability benefits from reduced counterparty credit risk in financial markets.

19 February 2025

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Government response to the UK Accelerated Settlement Taskforce’s recommendations for the shift to T+1

The government, the Financial Conduct Authority and the Bank of England support the industry recommendation to move to T+1 settlement in UK markets by 11 October 2027 and call on industry to engage with the recommendations and start their planning as soon as possible.

18 November 2024

ESMA proposes to move to T+1 by October 2027

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published its Final Report providing the assessment of the shortening of the settlement cycle in the European Union (EU).