The FCA has warmly welcomed a significant industry recommendation aimed at accelerating fund settlement times. This comes as the Investment Association (IA), Personal Investment Management and Financial Advice Association (PIMFA), and Alternative Investment Management Association (AIMA) have jointly urged firms to transition to T+2 settlement for funds on or before
FCA welcomes industry drive for T+2 fund settlement
Faster settlement makes the markets more efficient, improves liquidity and supports the growth and competitiveness of the UK, said the FCA.