Brussels, Belgium, 13 February 2025—Today, Investment Company Institute (ICI) President and CEO Eric J. Pan released the following statement after the European Commission proposed to formally amend the Central Securities Depositories Regulation (CSDR) to shorten the settlement cycle...
By Eric J. Pan ( Originally published in the Financial Times on October 18, 2024) In May, the US and Canada moved from settling securities transactions two days after a trade to one. This shift to ‘T+1’ was a resounding success. The EU should follow suit. T+1 means greater efficiency...
Brussels, Belgium; October 14, 2024 – Today the European Union (EU) T+1 Industry Task Force published a report supporting a move to an accelerated securities settlement cycle (trade date plus one business day, or T+1). The Task Force, of which ICI is a member, was established in 2023...
Washington, DC, September 12, 2024 – Investment Company Institute (ICI), The Securities Industry and Financial Markets Association (SIFMA), and The Depository Trust & Clearing Corporation (DTCC) today released the “ T+1 After Action Report,” which reviews the general project timeline...
Washington, DC, May 31, 2024—Today, the Investment Company Institute (ICI), the Securities Industry and Financial Markets Association (SIFMA), and DTCC issued the following statement on the move to T+1: “With the US T+1 settlement cycle for corporate bonds, municipal bonds, and...
“The European T+1 Industry Task Force welcomes the recent publication of a report by the Chair of the UK Accelerated Settlement Task Force, and in particular the statement that the “UK and other European jurisdictions should continue to explore opportunities for close collaboration…to...
“The European T+1 Industry Task Force welcomes the recent publication of a report by the Chair of the UK Accelerated Settlement Task Force, and in particular the statement that the “UK and other European jurisdictions should continue to explore opportunities for close collaboration…to...
Brussels, Belgium; April 9, 2024—Today, Michael Pedroni, Head of ICI Global, released the following statement on the United Kingdom (UK) government’s report to shorten the settlement cycle: “We commend the UK government for supporting the move to T+1 settlement as recommended by the...
Brussels, Belgium; April 9, 2024—Today, Michael Pedroni, Head of ICI Global, released the following statement on the United Kingdom (UK) government’s report to shorten the settlement cycle: “We commend the UK government for supporting the move to T+1 settlement as recommended by the...
Brussels, Belgium; December 15, 2023—Today, Michael Pedroni, Head of ICI Global, released the following statement on the European Securities Market Authority’s (ESMA) call for evidence on shortening the settlement cycle: “ICI and ICI Global support European Union (EU) authorities...
