Tuesday December 3 2013
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: European Union
Link: https://www.euroclear.com/en/news-views/news/press-releases/2013-MR-24.html?ev=event2
Euroclear UK and Ireland (EUI), in cooperation with London Stock Exchange, BATS Chi-X Europe, the Irish Stock Exchange and Turquoise, will shorten the standard securities settlement cycle for the Irish and UK capital markets to T+2 in October 2014.
This is in advance of the anticipated deadline of 1 January 2015 in the proposed EU Central Securities Depositories Regulation (CSDR), which aims to harmonise EU securities settlement cycles. This industry-led initiative has the support of the Financial Conduct Authority (FCA) and the Bank of England.
Click on the above link for more details.