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Exclude ETFs from UK move to one-day trade settlement if EU takes longer, taskforce head says

By Sofia Gerace ( October 8, 2024, 14:11 GMT | Insight) -- A British move towards a one-day securities trade settlement cycle, known as T+1, should exclude exchange-traded funds if the UK and EU don't switch at the same time, the head of the UK's preparatory body said today. "ETFs have been an issue from day one," Andrew Douglas said. "If we can't agree that alignment, then we exclude them from the scope."A British move towards a one-day securities trade settlement cycle, known as T+1, should exclude exchange-traded funds if the UK and EU don't switch at the same time, the head of the UK's preparatory body said today....

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