UK T+1 in Q1 2025: key findings

How ready is the UK for T+1 as firms face a 26% allocation readiness gap?

In Partnership with

Content Types

Key findings

Topics

Settlements and T+1

Region

Europe

SHARE THIS INSIGHT

UK T+1 readiness is building, but execution gaps remain material. Based on input from more than 550 financial professionals, these key findings show that 26% of firms risk missing the 2026 T+0 allocation deadline, 35% still lack clarity on what UK T+1 means and 29% of allocations and confirmations must accelerate before December 2026.

Deadline risk builds

Risk

A graphic showing 26% already missing the 2026 T+0 allocations deadline.

The market is engaged – but most firms have yet to take the practical steps required to comply.

A significant share of firms still do not know what T+1 in the UK means, particularly in funding and valuations.

Allocations must accelerate

Operations

A graphic showing 29% of allocations needing to accelerate by December 2026.

T+0 processing is the key enabler – without it, the majority of firms face downstream settlement risk.

The challenge is greatest for Asian investors and smaller firms ahead of October 2027.

Easier than the US

Outlook

A graphic showing 56% expect an easier transition than the US.

Earlier middle- and back-office investment from US T+1 is expected to support the UK transition.

Around half of T+1 project activity is now focused on process transformation rather than technology alone.

The UK's move to T+1 is creating a clear execution challenge well ahead of the 2027 deadline. The data shows strong market engagement, but practical readiness remains uneven across allocations, confirmations, funding and operational planning.

How prepared is the UK financial community for accelerated settlement in practice? Which deadlines are already creating pressure, and where do firms still need to accelerate activity to avoid falling behind?

The findings are based on the Q1 2025 Pulse Survey, which gathered input from more than 550 financial professionals and covers market guidelines, technology recommendations, risk factors, expected costs and key dates linked to UK T+1 compliance.

Produced in partnership with the UK Accelerated Settlement Taskforce and supported by Depository Trust & Clearing Corporation (DTCC), Euroclear and leading industry associations, the research highlights:

Up to 26% of firms are already scheduled to miss the 2026 market deadline for T+0 allocations

35% do not know what UK T+1 means: understanding remains weakest in areas such as funding and valuations, showing that engagement has not yet translated into full preparedness

29% must accelerate before December 2026: allocations and confirmations need to move faster, rising to more than 30% for Asian investors and smaller firms ahead of October 2027

56% expect the UK shift to be easier than the US: many firms believe earlier middle- and back-office investment from US T+1 will support the UK transition

49% of project activity is process transformation: firms are focusing less on theory and more on redesigning workflows to make T+1 viable in practice

Keep reading — it's free

Verify your email to read this content