Clearance and Settlement Content

ICI submitted a response to the Hong Kong Exchanges and Clearing Limited on its discussion paper on accelerated settlement for the Hong Kong cash market. Read more in the comment letter.

The Investment Company Institute submitted a letter to Acting Chairman Mark Uyeda to request an extension of the various compliance dates under the Treasury Clearing Rule, including by a minimum of 24 months (i.e., an extension to at least June 30, 2028) for the Treasury Repo Clearing...

“The European T+1 Industry Task Force welcomes the recent publication of a report by the Chair of the UK Accelerated Settlement Task Force, and in particular the statement that the “UK and other European jurisdictions should continue to explore opportunities for close collaboration…to...

Brussels, Belgium; April 9, 2024—Today, Michael Pedroni, Head of ICI Global, released the following statement on the United Kingdom (UK) government’s report to shorten the settlement cycle: “We commend the UK government for supporting the move to T+1 settlement as recommended by the...

Brussels, Belgium; December 15, 2023—Today, Michael Pedroni, Head of ICI Global, released the following statement on the European Securities Market Authority’s (ESMA) call for evidence on shortening the settlement cycle: “ICI and ICI Global support European Union (EU) authorities...

On December 15, 2023, ICI and ICI Global filed a cover note and response to the European Securities Market Authority's (ESMA) call for evidence on shortening the settlement cycle (Call for Evidence). Summary of ICI and ICI Global's Response Through the Call for Evidence, ESMA is...

As financial services firms around the world institute processes and procedures to align with T+1 implementation in the United States, Canada, and Mexico, the industry should seize this opportunity to establish one-day settlement as the next global standard. [1] The move by North...

Washington, DC; January 13, 2023—Investment Company Institute (ICI) President and CEO Eric Pan released the following statement after the Commodity Futures Trading Commission (CFTC) withdrew a key rulemaking item from its regulatory agenda: “ICI urges the CFTC to complete, without...