Live 262 sources monitored São Paulo Washington London Frankfurt Dubai Hong Kong Sydney 7 regions
✦ RegulusGlobal regulatory broadcast network

Regulatory news and audio briefings from financial regulators worldwide — financial crime, AML, sanctions, fraud, digital assets and compliance

Regulatory heat map

Where it's moving right now · select a region to filter
Showing 24 hours 7 days 28 days 90 days 180 days Last year Everything
Global
752 all regions
North America
403 US Close
Latin America
2 US Close
United Kingdom
106 Europe Close
Europe
87 Europe Close
Middle East & Africa
9 Asia Close
Asia-Pacific
32 Asia Close
Category
All Financial Crime 167 Governance & Accountability 153 Markets & Infrastructure 130 Prudential & Capital 78 AI, Technology & Data 78 Conduct & Consumer 74 Digital Assets 57 Sustainability 15
Within
Trading venues 37 Derivatives 22 Clearing & settlement 18 Payments & market infrastructure 7 Short selling & disclosure 2
Country
United States 422 United Kingdom 107 European Union 72 Global 57 Hong Kong 29 Malaysia 11 Luxembourg 8 United Arab Emirates 7 Germany 7 Singapore 4 France 4 Austria 4 Netherlands 3 Norway 2 Japan 2 Ghana 2 Switzerland 1 Sweden 1 Russia 1 Philippines 1 New Zealand 1 India 1 Finland 1 Euro area 1 Colombia 1 Bolivia 1 ASEAN 1
Regulator
DOJ Criminal Division 99 Federal Register — SEC 56 American Bankers Association — newsroom 47 CISA Advisories 37 BIS Press Releases 36 FCA 29 European Central Bank 26 HM Revenue & Customs 20 SEC Press Releases 16 Bank of England 15 Washington State DFI 14 Regulus Weekend Edition 14 US Federal Trade Commission — press releases 14 Financial Stability Board 14 FCA Publications 12 SFC Hong Kong 11 OCC Bulletins 11 FINRA 10 Federal Register — Treasury 10 CFTC — Commodity Futures Trading Commission 10 Federal Register — State Department 9 Securities and Exchange Commission 8 ISDA 8 Federal Reserve 8 ECB Banking Supervision 8 CSSF Luxembourg 8 SEC Speeches and Statements 7 HKMA — Hong Kong Monetary Authority 7 European Commission Digital Strategy 7 Deutsche Bundesbank — speeches 7 ADGM Abu Dhabi — announcements 7 Federal Register — NCUA 6 Federal Register — CFTC 6 ESMA 6 Bank of England Publications 6 Bank Negara Malaysia 6 Single Resolution Board 5 International Criminal Court 5 UK Competition and Markets Authority 5 NIST 4 IC3 — FBI Internet Crime Complaint Center 4 FMA Austria 4 Federal Register — Federal Reserve 4 Deutsche Bundesbank 4 Brdr.Hkma 4 Bank Policy Institute 4 Amlcft.Bnm 4 AFM Netherlands 4 FCDO — sanctions announcements 3 HM Treasury 3 Financial Services and the Treasury Bureau 3 Federal Reserve Speeches 3 UK DSIT 3 CFTC Enforcement 3 ASEANAPOL 3 AMF France 3 Alliance for Financial Inclusion 3 US Treasury — press releases 2 UN — press releases 2 Department for Business and Trade — export control 2 NIST — cybersecurity and identity updates 2 National Crime Agency UK 2 Hong Kong Exchanges and Clearing Limited 2 HM Treasury Consultations 2 Federal Register — FDIC 2 Federal Register — CFPB 2 Press Releases | FDIC.gov 2 European Data Protection Board 2 CFPB 2 Bank of Ghana 2 ACPR 2 UN News — global perspective 1 UK Finance — news 1 Texas State Securities Board 1 Singapore Police Force 1 Sveriges Riksbank 1 Osaka Exchange 1 OFSI 1 NCSC UK 1 MAS — Monetary Authority of Singapore 1 Euronext 1 International Association for Trusted Blockchain Applications 1 European Commission — Migration and Home Affairs 1 Govinfo 1 GFMA — Global Financial Markets Association 1 Finanstilsynet Norway 1 Federal Register — OCC 1 Federal Register — FinCEN 1 Federal Register — Industry and Security Bureau 1 Eurex 1 European Payments Council 1 EDB Singapore — Economic Development Board 1 CSSF / Banque centrale du Luxembourg 1 Cyber Security Agency of Singapore 1 Croatian Financial Services Supervisory Agency (HANFA) 1 Companies House 1 Commerce Commission New Zealand 1 Bank for International Settlements 1 Banco de España 1 Bank of Russia 1 Banco de la República 1 Banco Central de Bolivia (BCB) 1
Showing
category: markets × subcategory: clearing × since: all × Clear all

Filtered

Cards Wire 18 segments
0:15
RWE Regulus Weekend Edition Source document ↗
United States Regulus Weekend Edition Markets & Infrastructure ✓ 16 claims 01 Nov 2026

Two hard deadlines anchor the week ahead while US rule clocks wait on the Register

The week ahead carries just two dates a compliance function can diarise with certainty, both narrow in reach. The items with the widest readership, two US rule rescissions, have no absolute deadline because their clocks run from Federal Register publication the filings do not state. This is a preview of a near-empty calendar that is about to fill without warning, and what to instrument before it does.

  • CCASS Participants and Designated Banks must register by 13 November 2026 to join HKEX's 21 November data centre failover rehearsal for CCASS, FINI, RAP and related systems.
  • The SEC's comment period on Mizuho Capital Markets' request to raise Rule 18a-10's fixed-dollar threshold from $50 billion to $100 billion closes 2 December 2026.
  • HKEX will suspend RAP services on 7-8 November and 21-22 November 2026 for system testing, with CCASS production reports normally due 21 November available on 23 November.
  • The FDIC part 370 rescission, SEC Rule 14a-8 rescission, Nasdaq ISE $0.50 strike proposal, Cboe Missed Liquidity Report extension and DOJ NICS final rule all run from Federal Register publication dates not yet set.
  • Nasdaq ISE comments on SR-ISE-2026-53 are due 21 days after Federal Register publication, and the DOJ NICS final rule takes effect 30 days after publication.
Source document
0:15
SECU Securities and Exchange Commission Source document ↗
United States Securities and Exchange Commission Markets & Infrastructure ✓ 14 claims 30 Oct 2026

SEC exempts certain inter-affiliate and non-U.S. repo trades from Treasury clearing

The SEC has granted exemptive relief excluding two categories of repo transactions from its Treasury clearing mandate: certain inter-affiliate trades and certain trades with non-U.S. counterparties. This briefing covers who qualifies, the conditions attached, and how it fits into the broader phased implementation timeline for central clearing of Treasury securities.

  • The SEC issued exemptive relief on October 30, 2026 excluding two categories of repo transactions from eligible secondary market transactions under the Treasury clearing rules.
  • Certain repo transactions involving non-U.S. counterparties are excluded, subject to specified limits and conditions set out in the SEC order.
  • Certain inter-affiliate repo transactions are excluded where the affiliate is not an investment company under Section 3 of the Investment Company Act of 1940 and otherwise meets the affiliated counterparty definition in Rule 17ad-22(a).
  • The Treasury clearing rules were adopted by the Commission in December 2023, with compliance dates since extended.
  • The SEC launched a consolidated implementation webpage in September 2025 covering FAQs, Commission and staff statements, and other resources.
Source document
0:15
ECB European Central Bank Source document ↗
European Union European Central Bank Markets & Infrastructure ✓ 26 claims 29 Oct 2026

ECB confirms Europe's move to T+1 settlement on 11 October 2027

ECB board member Piero Cipollone used a keynote to an EU T+1 Industry Committee event to pin down the date, sequencing and supporting infrastructure for Europe's shift from T+2 to T+1 securities settlement, and to frame it within the Eurosystem's broader tokenisation work. For treasury, operations and post-trade teams, this is the clearest public statement yet of what the Eurosystem will change and when.

  • Europe will move to T+1 securities settlement on 11 October 2027, halving the trade-to-settlement window to one day.
  • T2S changes, including to the night-time settlement process, are planned for June 2027 ahead of the October migration.
  • Pontes, live since 21 September, will extend operating hours by mid-2027 and move to 24/7/365 availability in 2028, with immediate settlement finality targeted as early as next year.
  • The Eurosystem has accepted DLT-based marketable assets as eligible collateral since 30 March and is assessing extending eligibility to assets outside currently eligible settlement systems.
  • Appia aims to deliver a blueprint for an integrated European tokenised finance ecosystem by 2028, with a consultation report published on 28 October.
Source document
0:15
CFTC Federal Register — CFTC Source document ↗
United States Federal Register — CFTC Markets & Infrastructure ✓ 25 claims 29 Oct 2026

CFTC doubles its estimate of registered derivatives clearing organizations

This Federal Register notice renews a long-standing information collection covering DCO registration and ongoing reporting under CFTC Part 39. Behind the procedural language sits a sharp revision to the agency's own count of market participants, plus a pointed rejection of a request to use the process to impose new tokenized-collateral recordkeeping rules.

  • The Commission increased its estimate of registered DCOs from 13 to 24 and full-registration applicants from one to 10, based on data as of July 2026.
  • Total estimated annual burden hours for the collection rose to 98,886 across an estimated 109 respondents filing 26,119 annual responses.
  • Capital and start-up or operations and maintenance costs associated with the collection are estimated at $821,470.
  • A commenter's request to add recordkeeping and risk-analysis requirements for tokenized collateral, based on CFTC Staff Letter No. 25-39, was rejected because that guidance creates no additional rights or requirements.
  • Comments on the extension are due to OIRA by November 30, 2026, following an earlier 60-day comment period published August 6, 2026.
Source document
3:10
AFM AFM Netherlands Source document ↗
European Union AFM Netherlands Markets & Infrastructure ✓ 13 claims 28 Oct 2026

AFM tells firms to start T+1 testing as EU rulebook is finalised

The AFM relays ESMA's message that the European regulatory framework for T+1 settlement is now complete and the burden has shifted to implementation. With roughly a year to go before the 11 October 2027 go-live, firms are urged to finish their preparations, test operational readiness across the chain, and meet the first binding obligations that take effect in December 2026.

  • The EU moves to T+1 settlement on 11 October 2027, settling trades one business day after the trade date instead of two.
  • ESMA regards the regulatory framework as complete following publication of the final technical standards and guidelines.
  • The first new obligations for transaction allocations and confirmations take effect on 7 December 2026.
  • ESMA urges firms to assess operational readiness and begin testing across the trading and settlement chain as soon as possible.
  • The change affects banks, investment funds, investment firms, pension providers and insurers.
Source document
play
SEC Federal Register — SEC Source document ↗
United States Federal Register — SEC Markets & Infrastructure ✓ 19 claims 28 Oct 2026

SEC approves OCC overhaul of membership, risk and suspension rules

The SEC has approved a sweeping rule change filed by the Options Clearing Corporation covering clearing membership admission, ongoing standards, disciplinary proceedings and suspension rules. Compliance and risk teams at clearing members should understand the new physical office, capital, reporting and disciplinary provisions before they take effect.

  • OCC's Risk Committee may now delegate authority to approve or deny clearing membership applications to designated delegates or agents, removing the need to wait for quarterly Risk Committee meetings.
  • Proposed Rule 201(b) requires clearing member applicants to maintain at least one year of operating history in the same or substantially same business activity, or senior personnel with sufficient relevant experience.
  • Proposed Rule 204(g) and Rule 302(b) require applicants and clearing members to maintain physical office space unless OCC determines a remote model does not pose heightened risk, with on-site visits permitted on no more than 24 hours' notice.
  • Proposed amendments require notice of Statutory Disqualification or formal regulatory investigation within two business days, and amend Rule 301(b) to let OCC set discretionary minimum capital levels above current requirements.
  • Proposed Rule 1201(a) adds fines to OCC's available sanctions and sets out examples of sanctionable conduct, including providing false financial information or a pattern of regulatory infractions.
Source document
3:03
ISDA ISDA Source document ↗
United States ISDA Markets & Infrastructure ✓ 10 claims 27 Oct 2026

Sponsored cleared repo volumes hit $2.4tn in September as Treasury clearing builds

ISDA and Actrix publish monthly indicators tracking central clearing adoption in the US Treasury repo market, using sponsored cleared repo volumes as a proxy for client participation ahead of the SEC's Treasury clearing mandate. This brief covers the September 2026 figures and what the growth rates imply for mandate compliance momentum.

  • Total cleared repo average daily volume grew to $7.7 trillion in September 2026, up 1.8% from August 2026.
  • Sponsored cleared repo activity increased 2.4% to $2.4 trillion, accounting for 31.0% of total cleared repo activity.
  • Sponsored cleared bilateral repo volumes totaled $1.6 trillion, up 1.5% from August 2026.
  • Sponsored cleared triparty repo volumes were $0.8 trillion, up 4.3% from August 2026.
  • Direct cleared repo activity totaled $5.3 trillion, a rise of 1.5% from August 2026.
Source document
play
SEC Federal Register — SEC Source document ↗
United States Federal Register — SEC Markets & Infrastructure ✓ 17 claims 27 Oct 2026

SEC grants Cboe Clear U.S. temporary registration as securities clearing agency

The SEC has approved temporary clearing agency registration for Cboe Clear U.S., a Cboe subsidiary seeking to act as central counterparty for binary options including options tied to issuer KPIs. The order covers governance, risk management and one public comment on vertical integration risk.

  • CCUS filed its Form CA-1 application on June 30, 2026, and amended it on July 7, July 17, August 18, September 4 and October 1, 2026.
  • The Commission's order grants temporary registration for 18 months from October 22, 2026, with an exemption from certain Section 17A(b)(3)(B) and (F) determinations.
  • CCUS acknowledges its Rules do not yet reference all participant categories enumerated in Section 17A(b)(3)(B) of the Exchange Act.
  • CCUS may assess non-defaulting clearing members up to 300% of their Guaranty Fund Deposit for a single default, or up to 600% for multiple defaults.
  • The sole comment letter supported temporary registration as a stopgap but raised concerns about the risk of vertically integrated clearing solutions ahead of any permanent registration.
Source document
0:15
CFTC CFTC — Commodity Futures Trading Commission Source document ↗
United States CFTC — Commodity Futures Trading Commission Markets & Infrastructure ✓ 10 claims 27 Oct 2026

CFTC staff extend Brexit-related no-action relief for UK derivatives entities

The CFTC's Market Participants Division and Division of Market Oversight have extended temporary no-action positions tied to Brexit, first put in place to preserve continuity in UK-US derivatives trading and clearing. This item covers what changed, which prior letters it builds on, and why the relief remains in force.

  • CFTC Staff Letter No. 26-28, issued October 1, 2026, extends Brexit-related no-action positions announced in Letter No. 24-11 as amended by Letter No. 26-10.
  • The relief traces to a February 25, 2019 joint statement by the CFTC, the Bank of England, the Prudential Regulation Authority and the Financial Conduct Authority (CFTC Press Release No. 7876-19).
  • The positions aim to maintain the regulatory certainty established when the CFTC originally issued EU comparability determinations and exemptive orders for certain EU entities.
  • MPD and DMO say the extension remains appropriate while the CFTC works with UK authorities to analyze UK law and, where appropriate, issue UK comparability determinations and exemptive orders for certain UK entities.
Source document
3:06
CSSF CSSF Luxembourg Source document ↗
CSSF Luxembourg Markets & Infrastructure ✓ 13 claims 26 Oct 2026

CSSF tells Luxembourg firms to begin T+1 testing with first deadline on 7 December 2026

The CSSF says the regulatory framework for the EU's move to T+1 settlement is now complete and is pressing market participants to start testing across the settlement chain. The communiqué sets out a phased compliance timetable that begins well before the 2027 switch, with the first binding obligations on allocations and confirmations landing in December 2026.

  • The EU switches to T+1 settlement on 11 October 2027, with compliance phased ahead of that date.
  • Investment firms and their clients must comply with new allocation and confirmation requirements from 7 December 2026, with further deadlines on 1 July 2027 and 11 October 2027.
  • From 7 December 2026 the revised ESMA guidelines require mandatory use of electronic, standardised communication channels, international messaging standards and machine-readable methods, except during temporary technical disruptions.
  • The framework is built on the amended RTS on settlement discipline and revised ESMA Guidelines, drawing on recommendations from the 2025 EU T+1 Industry Committee.
  • ESMA and national competent authorities will now move from rule-making to monitoring compliance with the new obligations.
Source document
play
SEC Federal Register — SEC Source document ↗
United States Federal Register — SEC Markets & Infrastructure ✓ 17 claims 26 Oct 2026

SEC overrules own staff, approves OCC clearing fund shift Fidelity opposed

The SEC has issued a de novo order on OCC's proposal to reweight how Clearing Members fund the mutualized Clearing Fund, shifting the formula toward stress-loss shortfall rather than open interest. Fidelity petitioned against the staff-level approval, arguing it disadvantages agency brokers. This covers the Commission's reasoning for overriding that objection and approving the change.

  • OCC filed the proposed rule change SR-OCC-2025-018 with the SEC on September 26, 2025.
  • The new weighting scheme is 70% shortfall, 15% margin and 15% volume, replacing 70% total risk, 15% open interest and 15% volume.
  • OCC's lookback period for allocation-related measures moves from one month to three months of data.
  • New Rule 1003(c) gives OCC sole discretion to hold Clearing Fund allocation weights constant month-over-month during volatile conditions.
  • For the top 15 Clearing Fund allocations in June 2026, nine members would have seen increases of +8.69% to +104.78% and six would have seen decreases of -4.79% to -39.97% under the proposal.
Source document
0:15
SEC Federal Register — SEC Source document ↗
United States Federal Register — SEC Markets & Infrastructure ✓ 21 claims 25 Oct 2026

SEC opens comment on CMESC default management rule change

The SEC has published for comment a proposed rule change from CME Securities Clearing that rewrites how the clearing agency documents the handling of a Participant default. The amendments add detail on using a third-party liquidation agent and execution brokers, clarify the Risk Management Committee's role, and make administrative fixes. CMESC has no Members or Users yet, so this is framework in advance of operations.

  • CMESC would amend Section 14.1.1 of its Risk Management Framework to specify that the close-out of a defaulted Participant's portfolio may use a liquidation agent and one or more execution brokers.
  • The amended framework provides that CMESC may hold an account with an execution broker as principal, receiving back-to-back trades that mirror the liquidation agent's close-out trades to keep a net flat position.
  • Section 14 would clarify that the Risk Management Committee (CSRMC) provides guidance on the design of default procedures, changing its role from discretionary and advisory.
  • CMESC states it currently has no Members or Users and has neither received nor solicited written comments on the proposal.
  • Comments are due by November 12, 2026, and the Commission must approve, disapprove or institute proceedings within 45 days of publication, extendable up to 90.
Source document
0:15
EURE Eurex Source document ↗
European Union Eurex Markets & Infrastructure ✓ 18 claims 19 Oct 2026

Eurex to launch centrally cleared Japanese single-stock and dividend futures on 2 November

Eurex is opening its equity financing product suite in Japan, the last major developed market it had not covered, and its first move into Asia Pacific equity derivatives. The new single-stock futures and single-stock dividend futures are pitched as a centrally cleared, capital-efficient alternative to bilateral OTC equity swaps. For anyone running Japanese equity financing books, this is a structural shift worth a few minutes.

  • Trading in Japanese SSFs and SSDFs begins on 2 November 2026 with 10 leading Nikkei 225 names selected in consultation with clients and partners.
  • Further phases through 2027 will progressively expand coverage to the majority of Nikkei 225 constituents, driven by client demand and operational readiness.
  • All transactions are executed on Eurex's regulated market and centrally cleared through Eurex Clearing, with no ISDA master agreement required.
  • SSDFs are available in JPY and SSFs in both JPY and USD, with the contracts trading 21 hours a day from 08:15 SGT/09:15 JST.
  • Eurex states it is the first market infrastructure to offer centrally cleared futures on individual Japanese stocks.
Source document
0:15
BNM Bank Negara Malaysia Source document ↗
Bank Negara Malaysia Markets & Infrastructure ✓ 23 claims 19 Oct 2026

BNM reissues RENTAS and FAST participation rules, effective 1 September 2026

Bank Negara Malaysia has issued version 1.6 of the Participation Rules for Payments and Securities Services, the binding contract governing participants of RENTAS and FAST. The headline change is cosmetic, but the consolidated text carries substantive obligations added in recent revisions covering insolvency handling, continued access for institutions in resolution, and the new role of retail payments operators. Worth a few minutes for anyone operating a RENTAS or SSDS account.

  • Version 1.6 of the Participation Rules takes effect on 1 September 2026 and binds all participants of RENTAS and FAST.
  • The sole change in this version is Clause 40.1.3, which changes an officer designation from 'Head' to 'Director'.
  • An institution in PIDM resolution must retain continued access to RENTAS and cannot be suspended solely for entering resolution under section 98 of the PIDM Act.
  • Participants must formally notify their board or compliance committee of any breach of the Rules and submit incident reports to BNM on request.
  • BNM's aggregate liability to participants is capped at the highest annual fees and charges paid by any one participant in the preceding twelve months, excluding penalties and admission fees.
Source document
0:15
BEP Bank of England Publications Source document ↗
United Kingdom Bank of England Publications Markets & Infrastructure ✓ 26 claims 19 Oct 2026

Bank of England consults on letting CCPs accept uncollateralised letters of credit as margin

The Bank of England is proposing to let UK CCPs accept uncollateralised letters of credit as initial margin collateral, a change rooted in the 2022 energy-market margin spikes. The consultation removes the full-backing requirement, extends eligibility to non-financial clients, and layers on new concentration and due-diligence safeguards. For clearing members, issuing banks and corporate hedgers, it reshapes how margin obligations can be met.

  • The Bank proposes removing the requirement that commercial bank guarantees be fully collateralised before a CCP can accept them as initial margin.
  • Non-financial counterparties clearing as clients, not only clearing members, would become eligible to post LOCs, enabling pass-through models.
  • The single-issuer concentration limit would be cut from 10% to 5% of a CCP's total collateral, and the option to raise it to 25% removed.
  • Eligible issuers would be restricted to authorised UK credit institutions or authorised overseas credit institutions, with ongoing creditworthiness monitoring required.
  • Responses are due by 15 January 2027; final rules are proposed for 2027 H1 with no implementation period.
Source document
0:15
RWE Regulus Weekend Edition Source document ↗
European Union Regulus Weekend Edition Markets & Infrastructure ✓ 33 claims 18 Oct 2026

ESMA's 7 December messaging mandate tops a week of early-biting deadlines

Five regulators set clocks this week, and in several cases the date that binds first was not the headline event. We rank what a compliance officer must act on: ESMA's T+1 messaging mandate, Basel's G-SIB window-dressing fix, Elderson's climate-coverage disclosure, the SEC's move on Rule 14a-8, and a two-agency US PERM settlement. The recurring discipline is to calendar each regime from its earliest operative date.

  • From 7 December 2026 EU investment firms must use electronic, standardised and machine-readable allocation and confirmation messaging, ahead of T+1 settlement on 11 October 2027.
  • Basel's G-SIB reporting threshold rises to EUR 350 billion from 2027, while the annual-averaging calculation basis is deferred to 1 January 2030 and the EBU consultation closes 14 January 2027.
  • ECB Vice-Chair Frank Elderson said on 14 October that climate stress tests cover all banks' own material risk drivers in only around 15% of cases.
  • Cloudera was debarred from the PERM program for two years and will pay a $1.4 million back-pay fund plus $600,000 in civil penalties, the fourteenth settlement since DOJ's 2025 relaunch.
  • The SEC proposed rescinding Rule 14a-8, arguing the shareholder-proposal rule exceeds its statutory authority, with comment open for 60 days after Federal Register publication.
Source document
0:15
ESMA ESMA Source document ↗
European Union ESMA Markets & Infrastructure ✓ 18 claims 18 Oct 2026

ESMA completes T+1 rulebook, sets 7 December 2026 as first compliance deadline

ESMA has published the final piece of the regulatory framework for the EU's move to T+1 securities settlement, confirming an 11 October 2027 switchover. The briefing matters because the first binding obligation arrives sooner, on 7 December 2026, when investment firms and their clients must meet new allocation and confirmation requirements. This covers what is now fixed and what firms must do next.

  • The EU will switch to T+1 settlement on 11 October 2027, with the regulatory framework now complete.
  • From 7 December 2026, investment firms and their clients must comply with new allocation and confirmation requirements.
  • Those requirements mandate electronic, standardised communication channels, international messaging standards and machine-readable methods, except during temporary technical disruptions.
  • ESMA has published the RTS and revised Guidelines on standardised procedures and messaging protocols, and published a final report under reference ESMA74-2119945926-3749.
Source document
0:15
SFC SFC Hong Kong Source document ↗
SFC Hong Kong Markets & Infrastructure ✓ 12 claims 16 Oct 2026

SFC backs HKEX plan to shift Hong Kong stock settlement to T+1 by September 2028

HKEX has finalised its approach to moving Hong Kong's cash equities market from T+2 to T+1 settlement, with the SFC publicly endorsing the plan. This item covers the revised implementation date, the SFC's rationale, and what firms need to start preparing for ahead of a multi-year transition.

  • HKEX issued its Consultation Conclusions on Accelerated Settlement for the Hong Kong Cash Market on 16 October 2026.
  • The implementation timeline has been revised to the second half of 2028, with September 2028 identified as the target date.
  • Under T+1, securities transactions settle one business day after trade date, compared with two business days under the current T+2 cycle.
  • The transition will require consequential amendments to relevant rules and procedures, which the SFC will work on with HKEX.
  • The SFC's Rico Leung urged industry participants to begin preparations early and coordinate with counterparties and service providers.
Source document