Leading the Way

Global Asset Servicing News and Commentary

Regulation news

UK T+1 Accelerated Settlement Taskforce confirm implementation plan

06 February 2025 UK
Reporter: Carmella Haswell

Included in the plan is a code of conduct for market participants which confirms 11 October 2027 as the first trading date in the UK cash equities for settlement on T+1

IQ-EQ acquires Agama Group

04 February 2025 France
Reporter: Jack McRae

IQ-EQ says that the acquisition allows them to offer regulatory compliance services in continental Europe

FCA issues first penalty under MiFIR

03 February 2025 UK
Reporter: Clelia Frondaroli

Infinox, following its failure to submit transaction reports for single-stock contracts for difference (CFD) trades, was fined £99,200 by the regulatory body

Fundbank (Europe) receives Luxembourg authorisation

31 January 2025 Luxembourg
Reporter: Clelia Frondaroli

UK Accelerated Settlement Taskforce proposes T+1 transition date

27 January 2025 UK
Reporter: Daniel Tison

Swiss Securities Post-Trade Council sets T+1 move for October 2027

23 January 2025 Switzerland
Reporter: Carmella Haswell

Synchronising the T+1 transition date for the UK, Europe, Switzerland, and Liechtenstein is in the interests of concerned markets and users, the council says

Authorities welcome new governance structure for T+1 transition in EU

23 January 2025 Europe
Reporter: Carmella Haswell

ESMA has recommended 11 October 2027 as the optimal date for the phased transition to T+1 in the EU

Regnology acquires BR-AG

21 January 2025 Poland
Reporter: Clelia Frondaroli

The acquisition will extend Regnology’s product and service offerings in the SupTech space, where regulators will now be able to access tools for data point model (DPM) taxonomies

US hits record high for financial service penalties

15 January 2025 US
Reporter: Jack McRae

As per SteelEye, their UK counterparts, the FCA, also saw a rise in enforcement actions in 2024

Leading the Way

Global Asset Servicing News and Commentary