Regulation 2025/2075

  • TARGET Services June 2027 Release: Swift ISO 20022 and the T+1 Squeeze

    On 15 September 2026 the ECB published a letter, dated the previous day, in which the Advisory Group on Market Infrastructures for Securities and Collateral (AMI-SeCo) formally asked Swift to move its 2026 securities message upgrade onto the TARGET Services June 2027 release. AMI-SeCo’s purpose is practical: the group is trying to protect the testing…

  • EU T+1 Settlement: First Deadline Is 7 December 2026

    The European Union will move to a T+1 securities settlement cycle on 11 October 2027. ESMA identifies 7 December 2026 as the first regulatory deadline for allocations and confirmations. The European Commission adopted the amending Delegated Regulation on 6 July 2026 as C(2026) 4640 final; it is currently under scrutiny by the European Parliament and…