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European funds meet regulators over rush to shorter settlement times

As T+1 enters the homestretch, European funds are concerned they will breach cash holding rules

The fund industry is lobbying regulators over fears new US trading rules could cause problems
The fund industry is lobbying regulators over fears new US trading rules could cause problems Photo: Getty Images

European fund managers are in talks with regulators over fears they will breach cash holding rules when the US shortens its settlement cycle.

Both Europe and the US currently settle trades two days after execution, a system known as T+2.

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