The European T+1 Industry Task Force has published a report outlining its preliminary analysis on the regulatory, technical, and operational changes required to facilitate a successful transition to T+1 in EU securities markets.
The Task Force is supportive of the EU moving to T+1, and promotes a coordinated approach with key regional partners including the UK and Switzerland.
The report highlights that a successful transition requires further industry focus on improving the efficiency of existing post-trade processes.
There is clear consensus that September-October is the optimal period for the move to take effect, with a 24-36 month transition period envisaged.
As a next step, the Task Force calls for EU public authorities to make a formal commitment to moving to T+1, and provide a mandate for a broad industry stakeholder group to take forward the next phase of work.
The Task Force is fully committed to supporting the next phase of work.
Source: AFME
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
Most research budgets will become client-funded within the next two years.
-
Following recent European regulatory changes, there is potential for reducing complexity.
-
The rules should be proportionate for wealthy or very experienced investors.
-
21Shares urges FCA to adopt an approach that reflects international best practices.
-
Legislation aims to establish a clear regulatory framework for digital assets.