EU Industry Committee finalises direction for T+1 shift

The EU T+1 Industry Committee has reached consensus on key elements of the region’s shift to a one-day securities settlement cycle, following a meeting held in Brussels on 28 May. The Committee, chaired by Giovanni Sabatini, reviewed a first draft of high-level recommendations that will shape the transition framework. According to a press release, a final report is expected to be published by the end of June.