T+1 settlement: European surveys launched for 2027 transition
Two European surveys have been launched to assess market readiness for the T+1 settlement cycle. The new framework, introduced by Regulation (EU) 2025/2075, will apply from October 11, 2027.
Europe prepares for faster settlement
The new T+1 settlement cycle for securities transactions, mandated by Regulation (EU) 2025/2075, will take effect on October 11, 2027.
This framework requires transactions to settle on the first business day following the trade date, a shift from the current T+2 cycle.
A European governance structure, including ESMA, the European Commission, and the ECB, has been established to support this transition.
Surveys assess market readiness
Two European surveys were launched on May 12 to assess market readiness for the T+1 cycle.
The Industry Committee's second survey focuses on preparedness.
A complementary survey, coordinated by ESMA, addresses draft legislative measures expected to be approved by summer 2026.
Broad participation is essential to identify potential issues early.