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The U.K. parliament will review and likely pass draft legislation that will mandate T+1, compelling all firms to conform.
HM Treasury, the United Kingdom’s economic and finance ministry, has released a draft Statutory Instrument and accompanying policy note outlining the date and scope of recommendations set forth by industry working groups on the country’s transition to T+1 settlement. Published at the end of October, the draft lays the groundwork for the legal changes required...
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