UK Financial Insights from Katten | Issue 27

FCA Sets Out T+1 Settlement Expectations for UK Asset Managers and Alternative Firms – On 23 October 2025, the Financial Conduct Authority (FCA) published a letter directed at firms within its Asset Management and Alternative Firms portfolio, setting out expectations for the UK’s transition from T+2 to T+1 securities settlement on 11 October 2027. The Letter follows the Accelerated Settlement Taskforce’s (AST) February 2025 Implementation Plan and signals regulatory concern that smaller firms…
By: Katten Muchin Rosenman LLP