UK FCA expectations of firms preparing for T+1 settlement transition

The UK Financial Conduct Authority (FCA) has updated its webpage on T+1 settlement to set out actions it expects firms to take this year to update their systems and processes, and test those changes by year-end. This includes implementing and testing changes to operational systems and processes, agreements with third party providers and counterparty arrangements. The FCA also advises firms to implement appropriate automation to increase processing capacity, support quicker settlement and strengthen resilience during periods of high volumes or market stress. In parallel, the T+1 Accelerated Settlement Taskforce published a final quarterly review of 2025, including updates on readiness and the path ahead in 2026.

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