UK and EU prepare to transition to T+1 securities settlement
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AI-assisted source synthesis · not an independent investigation.
UK and EU banks and securities firms have entered the final preparation phase ahead of implementing T+1 securities settlement. According to the latest reports, T+1 is scheduled to be implemented on October 11, 2027, when the standard securities settlement cycle will be shortened from two business days to one. The UK Financial Conduct Authority (FCA) expects firms to complete system and process adjustments in 2026 and be ready for testing by the end of the year. The market must also address challenges related to automation, liquidity, and financing arrangements. Currently, UK and EU financial institutions are in the pre-implementation preparation phase, focusing on system upgrades, process changes, and testing.
AI-written from reports · updated 8 days ago
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- Payments Cards & MobileUK and EU banks enter final year of preparations for T+1 securities settlement
UK and EU banks and securities firms are entering the final year of preparations for implementing T+1 securities settlement on 11 October 2027, with the standard settlement cycle shortened from two business days to one. FCA expects firms to implement system and process changes in 2026 and be ready for testing by the end of the year; the market also needs to address challenges including automation, liquidity and financing arrangements.
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