ITALY: Monti Titoli Temporarily Waives Penalties on Fails Due to T+2

Friday October 3 2014

News Source: Global Exchanges

Focus: Foreign Investment

Type: General

Country: Italy

Link: http://www.lseg.com/sites/default/files/content/documents/Market%20notice%20-%20Settlement%20Discipline%20Holiday%20for%20T%2B2.pdf

Monte Titoli has announced that due to the possible impacts on the operative setting and to the extra volume anticipated as part of the move to a T+2 settlement cycle, there will be a Settlement Discipline Holiday for end of day fails on 8th, 9th, and 10th of October 2014.

Click link above for further details.