The EU journey to T+1

Towards a unified settlement cycle in Europe

Euroclear Finland will transition to a T+1 settlement cycle in line with the EU‑wide implementation date of 11 October 2027.

Euroclear Finland has been actively contributing to the industry‑wide preparations. We participate in discussions and working groups together with Euroclear Group entities and industry organisations such as ECSDA and ESMA, providing input to the EU T+1 Industry Committee and supporting the creation of shared recommendations for the transition.

Expectations

We continue to assess the impact of the T+1 settlement cycle on Finnish market infrastructure, operational processes and regulatory alignment. This work is carried out in close cooperation with local market stakeholders to ensure an orderly and coordinated transition.

The EU T+1 Industry Committee has outlined the key areas necessary for a successful transition to a T+1 settlement cycle, including process harmonisation, market‑infrastructure and technology enhancements, and a clear regulatory framework. By identifying implementation challenges early and issuing practical, market‑wide recommendations, the Committee provides a shared roadmap for participants and encourages coordinated action across Europe. The summary below outlines Euroclear Finland’s readiness in relation to these recommendations.

The table (right-hand column) summarises Euroclear Finland’s current readiness status in relation to the applicable T+1 industry recommendations.

Survey: T+1 Pulse Q1 2026 – Industry readiness across the EU, UK and Switzerland

Please take a moment to participate in the second EU T+1 Industry Committee Readiness survey to assess market progress on the way to T+1 on 11 Oct 2027. The survey is open until 9 June 2026 >

Building on the work completed in 2025, the survey explores:

lifecycle exposure across trading, funding and asset servicing
infrastructure scalability
service provider readiness
automation and budget alignment
market testing timelines
cross-market coordination challenges

Highlight the factors that set your own pulse racing and will drive, or delay, successful implementation of T+1 and help the industry understand the collective readiness as we enter a critical phase of the initiative.