Britain Is Targeting 2027 for T+1 Switch, With Or Without EU
- Exact transition date to be confirmed following consultation
- Industry groups are pushing for a coordinated UK-EU shift
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The group spearheading the UK’s shift to a faster trading regime is preparing for the possibility that the country makes the switch in advance of the European Union, a move that could create a litany of headaches for financial professionals across the region.
The UK will follow the US to the one-day settlement cycle known as T+1 in the final quarter of 2027, according to Andrew Douglas, chair of the government-appointed team advising on the transition.