T+1

Overview

This page is intended as a resource centre, providing market participants with relevant updates on T+1 initiatives. Updates are organised according to region: covering the UK, the European Economic Area (EEA), and the Americas.

AFME is supporting its members and the broader industry in the transition to T+1 in the US and other jurisdictions. Our FAQ document provides an overview of some of the key questions relevant to European-based entities active in US securities markets.

AFME and its members are also key contributors to the Technical Group of the UK Accelerated Settlement Taskforce, and AFME sits on the Steering Committee. Following publication of the report by the Chair of the UK Accelerated Settlement Taskforce (the "Geffen Report"), AFME is providing input the Technical Group work to define an appropriate implementation date in 2027, and identify the market changes necessary to achieve this.

In 2023, AFME established the European T+1 Task Force, to bring together a diverse group of industry stakeholders active in European securities markets. The Task Force contains representation from industry associations representing all types of market participant, including buy-side, sell-side and market infrastructures. This webpage will contain updates relating to the work of the Task Force.