The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today launched a Call for Evidence (CfE) on the shortening of the settlement cycle.
ESMA will accept responses by 15 December 2023.
The Call for Evidence will help ESMA to assess the costs and benefits of a possible reduction of the settlement cycle in the European Union (EU); and identify whether any regulatory action is needed to smoothen the impact for EU market participants of the planned shortening of the settlement cycle to T+1 in other jurisdictions, such as the US.
ESMA seeks input, including quantitative evidence, from all stakeholders involved in financial…
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