PIMFA response to Accelerated Settlement Taskforce, Technical Group Draft Recommendations Report & Consultation

PIMFA acknowledges the significant effort involved in aligning a large group of stakeholders with a broad spectrum of views towards a single, agreed set of recommendations. However, only a small number of PIMFA members are involved in activities such as stock lending, foreign exchange or repos so the UK move to T+1 will impact our membership differently from that of investment banks, institutional investment management firms, and other market participants. Consequently, they would value clarity, certainty, and a clear understanding of what they need to do and when to be ready