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ESMA consults on impact of shortening of settlement cycle

The European Securities and Markets Authority (ESMA) today launched a Call for Evidence (CfE) on the shortening of the settlement cycle.

The SEC adopts final rules that will shorten process for settling securities transactions from two business days to one.

The move to a T+1 settlement cycle in Canada is expected to occur in 2024, at the same time as the markets in the United States.