[ I N D E P T H | T + 1 ]
T + 1 now set to come into force in October 2027.
While each jurisdiction is of course grappling with its own challenges in the lead up, this alignment between the European counterparts has sent a clear message across the industry- that when it comes to the undertaking of such a mammoth task, together is better.
Compared to the US shift, this is a different game, with many more markets to consider, exchanges to deal with, and complex market structure to navigate- resulting in an intricate, multifaceted task for both Europe and APAC. It’ s clear this is a double-edged sword.
“ There ' s going to be a need to ensure that deadlines are appropriate for Asian investors to be able to fulfil the needs for T + 1 settlement.”
ADAM CONN, HEAD OF TRADING AT BAILLIE
GIFFORD
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