Preparing Malta’s Financial Market for T+1

For compliance and operations teams, the practical focus is end-to-end settlement resilience: trade capture, affirmation and allocation, matching, funding, FX, securities lending, corporate actions and cross-border counterparty coordination. Firms should expect greater scrutiny of operational readiness and may need to evidence governance, testing and contingency arrangements. Although the excerpt does not set a firm deadline, the direction of travel is clear and preparation should begin now.

Recommended actions include appointing an accountable executive, completing a T+1 gap assessment, mapping dependencies with custodians, brokers and CSDs, reviewing cut-offs and liquidity buffers, testing exception handling and tracking MFSA and industry group communications. Impact is highest for capital markets, market infrastructure, broker-dealers and trading firms; banking and investment managers are also exposed through funding and settlement chains. Opportunities include greater automation, reduced settlement risk and improved client service, while delay could create operational disruption and reputational risk.

RegCanary will monitor for implementation dates and detailed requirements.