T+1 readiness gaining momentum across the UK with 95% of firms having begun preparations
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As the deadline for the UK’s move to T+1 settlement, scheduled for 11 October 2027, awareness and planning for the transition appears to be strengthening, with new data indicating the strong progress is being made to ensure the industry is prepared.
Andrew Douglas
As revealed in The ValueExchange’s new survey, 95% of firms have now begun preparations for the 2027 transition.
Moreover, the report also indicated that 60% of the firms surveyed also predict that they will hit the key T+0 confirmation deadlines in 2026.
As a result of the findings, the survey suggests that awareness and planning for the shift to T+1 settlement has increased significantly since Q1 2025, where 26% of respondents to a similar study produced by The ValueExchange indicated in April that they would miss the target date for the transition.
Similarly, in Q1, only 62% of firms surveyed had started preparations, marking a 33% increase over the course of the year.
Despite these areas of growth, firms still appear to be facing some obstacles when addressing the T+1 transition, and according to the survey, less than a third of firms believe that their service providers will be prepared to support the key requirements needed for the settlement shift.
Read more – Settlement failure costs could soar into the billions under T+1 without automation and strong data standards
To support firms in staying on track for the 2027 implementation, the survey also outlined some key priorities that firms should be addressing.
Specifically, these included assessing budget and resource allocation to prevent cost underestimation, accelerating internal automation, engaging with counterparties early, updating fund dealing cycles and processes and investing in people and process training.
Speaking on this, Andrew Douglas, chair of the UK Accelerated Settlement Taskforce, said: “We’ve seen strong engagement from the industry ahead of the UK’s transition to T+1, and we’re now urging firms to take a proactive stance.”
“Investing in automated trade matching tools and improving SSI databases will also be crucial for navigating the complexities of T+1. The earlier firms start, the better positioned they’ll be to transition smoothly and capture the long-term benefits of faster settlement.”
Read more – A shift to T+0 is likely to initially complement T+1, rather than replace it, say experts
The recommendations also align with news in October, where the UK Accelerated Settlement Taskforce re-emphasised the importance of automation and ensuring that firms had completed interim deadlines by the end of 2025, to enable a smooth T+1 transition.
Val Wotton, managing director and global head of equities solutions at DTCC also said: “The UK T+1 Pulse Survey results demonstrate the industry’s strong momentum, but also highlight the need for continued collaboration and investment in automation, operational readiness, and ecosystem-wide alignment.
“Together, we can help deliver the benefits of a shorter settlement cycle, including reduced risk, improved efficiency, and enhanced market competitiveness for all participants.”
The ValueExchange’s new UK T+1 Pulse Survey was led by the UK Accelerated Settlement Taskforce, with the support of the Euroclear and The Depository Trust & Clearing Corporation (DTCC).
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