UK task force proposes excluding ETFs in event of early T+1 move

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Financial Times 15h ago

UK task force proposes excluding ETFs in event of early T+1 move - Financial Times

Quick Summary:

The Accelerated Settlement Taskforce has put forward its draft recommendations for the cutting of settlement cycles from two days after the trade date to one day, or T+1.

The recommendation should come from trade bodies including the UK’s Investment Association and should “target UK-domiciled funds, but language used may also include EU-domiciled funds”.

The task force recommended earlier this year that, following the US shift to T+1, the UK should follow suit no later than the end of 2027 and should work closely with European jurisdictions to see if a “co-ordinated move to T+1 is possible”.