EUROPEAN UNION: ESMA, ECB and EC Announce Next Steps for the Transition to T+1 Governance

Wednesday October 16 2024

On 15^th October 2024, the European Securities and Markets Authority (ESMA), the European Commission (EC) and the European Central Bank (ECB) announced the next steps to support the preparations towards a transition to T+1.

ESMA has been mandated to assess, in close cooperation with the members of the ESCB, the appropriateness of shortening the settlement cycle in the EU, to look at the impacts, the costs and benefits and international developments and to propose a detailed roadmap towards a shorter settlement.

Click on the above link for further information