The European T+1 Industry Task Force has published a report outlining its preliminary analysis on the regulatory, technical, and operational changes required to facilitate a successful transition to T+1 in EU securities markets.

The Task Force is supportive of the EU moving to T+1, and promotes a coordinated approach with key regional partners including the UK and Switzerland.

The report highlights that a successful transition requires further industry focus on improving the efficiency of existing post-trade processes.

There is clear consensus that September-October is the optimal period for the move to take effect, with a 24-36 month transition period envisaged.

As a next step, the Task Force calls for EU public authorities to make a formal commitment to moving to T+1, and provide a mandate for a broad industry stakeholder group to take forward the next phase of work.

The Task Force is fully committed to supporting the next phase of work.

Source: AFME