operational efficiency. This move has received endorsement from US industry bodies including DTCC, ICI and SIFMA who have collaborated to produce various documents and a playbook to assist with the move.
The IA has been working with members across the FX, fund and investment operations functions to identify and start to work through some of the implications that a move to T+1 will have on our membership. This includes pressure on the fund subscription and redemption cycle and a substantial compression on the timeline to execute and settle a trade, particularly one involving stakeholders globally.
The IA has also been involved with very early-stage discussions with stakeholders on the implications of a move to T+1 in the UK and EU markets and the various considerations that might have on our membership and on our advocacy stance.
Russia /Ukraine
In April this year, the Russian Government drafted and passed a law dictating that