The EU T+1 Industry Committee has reached consensus on key elements of the region’s shift to a one-day securities settlement cycle, following a meeting held in Brussels on 28 May. The Committee, chaired by Giovanni Sabatini, reviewed a first draft of high-level recommendations that will shape the transition framework. According to a press release, a final report is expected to be published by the end of June.
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The gathering brought together representatives from across the capital markets ecosystem, who examined input from the Committee’s technical workstreams. According to the group, the forthcoming recommendations will serve as a blueprint for the operational and structural changes needed to meet the October 2027 deadline for implementation of T+1.
Among the agreed outcomes were a proposed new daily operational timetable for key post-trade processes, a governance structure to coordinate public-private collaboration, and alignment on technical priorities. The meeting also confirmed the next phase in the timeline, finalising the recommendations report within the next month.
External consultant
PwC has been appointed as an external consultant to support the coordination of the initiative, which is expected to involve substantial preparation across industry stakeholders.
Chair Giovanni Sabatini emphasised the importance of early engagement: “As we progress toward our final recommendations, market participants must begin strategic planning and investment decisions to prepare for the October 2027 transition date.”