UK: The UK market intends to move to a T+1 settlement cycle on 11 October 2027
The Accelerated Settlement Taskforce (AST) has developed a plan to move to faster settlement of securities trades. This means if you buy a stock or bond, it will be settled within 1 business day.
On 19 February 2025, the UK government announced it accepted the AST’s recommendation to change the current T+2 requirement under the UK Central Securities Depositories Regulation to a T+1 requirement. This change takes effect on 11 October 2027.
The AST published its final report on 6 February, 2025, outlining the key technical and operational recommendations for the UK’s move to T+1. The government and the Bank of England supported the move. The government agreed that the AST will oversee and manage implementation of the recommendations in the report across the market.