ICMA comments on the UK’s draft recommendations on T+1
31 October 2024 ICMA has submitted today a set of comments in response to the draft recommendations issued by the Technical Group (TG) of the UK’s Accelerated Settlement Taskforce (AST). The draft recommendations were published on 27 September for market consultation, reflecting several months of detailed discussions within the Technical Group and its various workstreams. ICMA has been a member of the AST since its inception in early 2022 and has actively contributed to the discussions of the Technical Group. ICMA’s response to the consultation submitted today to the chair of the AST is based on additional feedback received from members of ICMA’s own T+1 Taskforce which brings together members of ICMA’s secondary market and repo and collateral constituencies, as well as a number of additional considerations received from ICMA’s primary bond market groups.
