The latest Accelerated Settlement Taskforce (AST) report updates on the significant progress made towards the move to T+1.
Jamie Bell, head of capital markets at the FCA, said:
'T+1 marks a major milestone in our drive to support growth and innovation. Faster settlement cycles will reduce risk, free up capital for faster reinvestment and align with other major markets.
'We are delighted to see the great progress made last year highlighted in the AST’s report. By the end of this year, we expect market participants to update their systems and processes and be ready to test those changes. A smooth transition to T+1 will be key to maintaining market integrity.'