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.

The event on the 20 February aims to satisfy three goals:

• The AST engages directly with market participants on the critical actions and recommendations of the implementation plan.
• Market participants hear support from HM Treasury, the Bank of England and the FCA for the plan.
• Market participants hear a live discussion amongst peers who have already begun their own journey to T+1.

Market participants can register to attend in person or online by clicking here

Andrew Douglas, Chairman of the UK Accelerated Settlement Taskforce, said: “It is welcome news that the UK, the EU and the Swiss taskforces are now aiming for the same implementation date for the move to a faster securities settlement cycle. We look forward to working with the EU team led by Giovanni Sabatini and the Swiss team led by Florentin Soliva, to harmonise our implementation schedules and, where appropriate share common solutions.

“So, 2025 will be the year of planning and budgeting, 2026 building and implementing solutions; and 2027 testing and migrating.”

“Following the US shift to T+1 settlement in May 2024, we will benefit from “second mover advantage”, learning the lessons of the US experience in particular the benefits of automating processes, which was a pressure point for some fund managers who hadn’t done so by day one.”