HMT: Accelerated settlement (T+1)

The Accelerated Settlement Taskforce and its Technical Group have been developing a plan to move to faster settlement of securities trades on financial markets and HMT has now published its report.  It sets out 12 “critical” and 27 “highly recommended” actions to facilitate a successful transition to T+1. It also recommends that the UK move to T+1 on 11 October 2027. The Government welcomes the report and will set out its response shortly.