In July 2015, the "Working Group on Shortening Stock Settlement Cycle" (hereinafter referred to as "WG") was established, with Japan Securities Dealers Association, Tokyo Stock Exchange, Inc. and Japan Securities Clearing Corporation acting as its secretariat. Since then, the WG has discussed detailed plans for realization of shortening of stock settlement cycle in Japan (change of settlement cycle to T+2) and published the Interim Report describing the policies for main tasks and the target schedule for the change of settlement cycle to T+2 in the end of 2015.
After its publication of the interim report, WG worked on the studies of the tasks raised in the interim report as remaining tasks for study, and published the study results at WG to date as the document entitled "Final Report of the Working Group on Shortening Stock Settlement Cycle."
Abstract of the Final Report is available on Japan Securities Dealers Association Website:
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Tokyo Stock Exchange: Publication Of Abstract Of The "Final Report Of The Working Group On Shortening Stock Settlement Cycle"
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