In May 2024, the US, along with Canada and Mexico, shortened the standard settlement cycle for most broker-dealer transactions from two business days after the trade date (“T+2”) to one business day after trade date (“T+1). This move has accelerated discussions in the EU and the UK on the direct implications for their market participants and the need for their markets to align with the US in the future.

The UK has announced that it will move to T+1 no later than 31 December 2027, and will continue to explore opportunities for close collaboration with the EU and other European jurisdictions. The EU has now proposed October 2027 as their transition date.

The move to T+1 presents a major industry transformation that will require significant investment from firms to upgrade post-trade systems and processes as well as related technology and which will also have important implications from a trading, funding and market liquidity perspective which need to be carefully considered. ACSA is actively involved in the discussions on T+1 representing members’ views and concerns. 

Please join Andrew Douglas, the chair of the UK T+1 Taskforce Technical Group in a dialogue with Chris Moore, Citi Custody Country Head, Australia and New Zealand to discuss the UK’s move to T+1, the interlock with Europe, and what it might mean for Australian and New Zealand investors.

When: 13 Dec 2024
Time: 10am - 11am AEDT

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