EU regulator proposes shortening trade settlement times from October 2027

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Financial Times 14h ago

EU regulator proposes shortening trade settlement times from October 2027 - Financial Times

Quick Summary:

Subsequently, the US, Canada and Mexico made the move from two-day to so-called T+1 settlement for stocks, bonds and exchange traded funds.

Esma said it was recommending October 11 2027 because November or December would be near the holiday periods, and there were “challenges linked to the first Monday of October”, which is just after the third quarter ends.

Traders, asset managers and industry bodies had urged EU officials to align the bloc’s timing with the UK in order to ease the move, warning that switching at different times would lead to unnecessary complications and costs.