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SEC chair Gary Gensler urges UK to set T+1 transition date

The TRADE

The current timeline for the UK appears to include a plan being put in place in 2025 with the implementation of a T+1 settlement cycle in UK occurring no later than 31 December 2027. A collective effort Looking at the key takeaways, Gensler stressed that the settlement transition requires market collaboration. Gensler said.

Trading 64
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Even the smallest buy-side firms will have to spend a quarter of a million dollars on T+1 switch

The TRADE

Additionally, the research, which was produced in collaboration with Clearstream, The Depository Trust and Clearing Corporation (DTCC) and Euroclear, pointed to the complexity of Europes move to T+1, as a result of higher quantities of financial market infrastructures (FMIs), regulators, markets involved across the continent.

Trading 64