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

06 February 2025

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.

27 January 2025

The UK Accelerated Settlement Taskforce (AST) is recommending that the UK moves to the T+1 settlement cycle for securities on 11 October 2027

Confirmation of the migration date is important news for every asset manager, broker, custodian and intermediary in the trade and post-trade process for securities. It is the culmination of years of careful consultation and planning across the industry.

20 February 2025

The UK Accelerated Settlement Taskforce industry event – 20 February 2025

This event was an opportunity for market participants to hear speakers from the AST detail the critical recommendations made in the Implementation Plan. HM Treasury, the Bank of England and the FCA offered their thoughts on the Plan, and attendees listened to a live discussion amongst firms who have already begun to plan their own journey to T+1.

Events

17 October 2024

UK T+1 industry webinar

This event brought together industry participants working on the approach to T+1.

10 July 2024

ESMA Public Hearing on shortening the settlement cycle

Discussion and analysis on shortening the settlement cycle includeing an assessment of the benefits and costs.

20 June 2024

Accelerated Settlement in the UK Conference

Update on the taskforce’s work on moving to a T+1 settlement cycle in the UK, bringing together experts and stakeholders from across the domestic and international T+1 landscapes.

Publications

19 February 2025

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).

27 September 2024

T+1 Technical Group Publishes Interim Recommendations

T+1 Technical Group Publishes Interim Recommendations on UK’s Accelerated Settlement Transition with a call for feedback from market participants