EU moves towards T+1 settlement cycle for markets

The EU institutions, including ESMA, the European Commission, and the ECB, are collaborating to transition the EU to a T+1 settlement cycle, aiming to enhance market efficiency and align with global standards. This move is seen as urgent to avoid negative impacts of misalignment with other jurisdictions, with the UK committed to implementing T+1 by 2027. ESMA will present a final report on shortening the settlement cycle to the European Council and Parliament in the coming weeks to ensure a smooth and coordinated transition to T+1.

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