POSTTRADE 360°’s Post

A new report emphasises the need for the EU to coordinate closely with the UK in H2 2027 for a switch to a T+1 settlement cycle, while also detailing the need for a maximum possible notice period for transition and a temporary suspension of cash penalties over the implementation period. #posttrade #settlement #uk #eu #euripe #taskforce #transition #markets #trading

Following confirmation from the European Commission that the principle of T+1 has been accepted, the Autorité des marchés financiers (AMF) – France and the Banque de France have called for a “well-coordinated and efficient transition” for securities transactions across the EU. #Trading #Markets #CapitalMarkets #T1 #Settlement #Regulation #Securities #GlobalTrading https://lnkd.in/gF7hwH9G

ESMA recommends EU to move to T+1 settlement cycle by October 2027. The European Securities and Markets Authority (ESMA) has recommended that the European Union rolls out the T+1 settlement cycle in October 2027, aligning with the UK’s planned timeline. Will Clamp-Gray. Check out Valeria Martinez's latest article 👇 https://incm.pub/4fEx0sf #investing #assetmanagement #wealthmanagement #finance

Switzerland to introduce T+1 Securities Settlement in October 2027 The Swiss Securities Post-Trade Council (swissSPTC; https://buff.ly/40zuQ72 ) recommends that the transition to a T+1 Settlement Cycle for the domestic securities markets in Switzerland and Liechtenstein should occur in October 2027. It is assumed that the EU and UK will adopt the same migration date as a combined migration of CH/FL, EU and UK. This is the preferred solution of the swissSPTC and in the interests of the markets and users concerned. In the event of a delay in one jurisdiction, domestic markets will seek to align their timeline with the “first mover”, provided the migration occurs no earlier than October 2027. This approach ensures consistency with the agreed schedule while accommodating any necessary adjustments. The aforementioned recommendation is acknowledged by the Swiss State Secretariat for International Finance (SIF). SIX also acknowledges this recommendation and will commence the process of seeking approval to adjust the Rule Book of SIX Swiss Exchange to accommodate the change of the settlement cycle at the appropriate time. The swissSPTC Task Force T+1 will now commence detailed assessments on specific proposals and produce recommendations for the transition. #securities #settlement #T+1 #swissSPTC #post-trade MLL Legal

The European Securities and Markets Authority (#ESMA) recommends 11 October 2027 as the optimal date for the move to T+1 in the EU – in line with the UK... adding that “all actors of the financial system will need to work on harmonisation, standardisation, and modernisation to improve settlement efficiency”. 

Another important step towards shortening the settlement cycle to T+1. The ambition must be a coordinated and aligned move by not only the EU and the UK but also Switzerland. https://lnkd.in/e7u-B_ES

Big news for European capital markets. European Securities and Markets Authority (ESMA) announced yesterday the optimal date for transition to T+1 will be 11th October 2027. Read all the details in their report - Shortening the Settlement Cycle . This announcement follows the UK Accelerated Settlement Taskforce update back in September, setting the ambition to move to T+1 no later than end of 2027. Looks like UK and EU are aligning. #ESMA #Tplus1 #CapitalMarkets #MarketInfrastructure #FinancialServices

📢 Hot Off the Press from Paris! The latest Press Release from the Chair of the European T+1 Industry Committee can be accessed on the ISLA website here: https://hubs.la/Q033wQz80 This press release follows the T+1 governance launch meeting, organised by European Securities and Markets Authority (ESMA), at which the independent chair of the T+1 Industry Committee, giovanni sabatini, presented the Terms of Reference for the T+1 Industry Committee, the committee’s composition, and the organisation of work across the various identified Technical Workstreams, along with an initial draft of the work plan. 💬 ISLA's Adrian Dale and Tony Holland attended the meeting to represent the securities lending market, with Adrian commenting: "we welcome the formal launch of this project and recognise the multi-year effort it implies. We look forward to working with members on the development of accelerated settlement in the EU". To find out more about developments in T+1, you can join our ISLA Market Practice Steering Group: https://hubs.la/Q033xtfc0 #ISLANews #t1 #acceleratedsettlement #posttrade #eu #securitieslending #securitiesfinance

📢 𝐬𝐰𝐢𝐬𝐬𝐒𝐏𝐓𝐂 𝐑𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐬 𝐓+𝟏 𝐒𝐞𝐭𝐭𝐥𝐞𝐦𝐞𝐧𝐭 𝐂𝐲𝐜𝐥𝐞 𝐛𝐲 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝟐𝟎𝟐𝟕 📢   The Swiss Securities Post-Trade Council (swissSPTC) recommends that Switzerland and Liechtenstein move to a T+1 settlement cycle by October 2027. This is in line with the EU and UK for a unified market approach.   The move has been endorsed by the Staatssekretariat für internationale Finanzfragen SIF (Swiss State Secretariat for International Finance) and SIX, which will seek approval to adapt its rulebook. The swissSPTC T+1 Task Force will now work on detailed proposals to ensure a smooth transition.   Click here for more details: https://lnkd.in/dCyn27xe   #TplusOne #SettlementCycle #SIXSecuritiesServices #swissSPTC #Switzerland #Liechtenstein #MarketTransition

French regulators propose two step approach to T+1 in Europe. The Autorité des marchés financiers (AMF) – France and Banque de France are calling for a coordination between the UK and Europe in their plans to shorten the settlement cycle. #markets #trading #t+1 #settlement #posttrade #regulation #marketstructure #europe #amf #banquedefrance