Pan European financial markets regulator and supervisor The European Securities and Markets Authority (ESMA) has announced that it has published its Final Report providing the assessment of the shortening of the settlement cycle in the European Union (EU).
The report highlights that the increased efficiency and resilience of post-trade processes that should be prompted by a move to T+1 would facilitate achieving the objective of further promoting settlement efficiency in the EU, contributing to market integration and to the Savings and Investment Union objectives.
US and Canadian exchanges moved to T+1 settlement earlier this year.
ESMA recommends that the migration to T+1 occurs simultaneously across all relevant instruments, and that it is achieved in Q4 2027. Considering the…
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