On Tuesday, 5 September, the European Central Bank´s (ECB) Market Infrastructure Board (MIB) approved the migration of Euroclear Finland to T2S on 11 September 2023, along with four other Central Securities Depositories (CSDs).
Prior to the MIB’s final decision, the ECB’s Operational Manager Group (OMG), Project Manager Group (PMG) and CSD Steering Group (CSG) had endorsed the migration of the 5 CSDs.
The MIB provided separately the assurance that all necessary actions had been taken to support a smooth onboarding of Euroclear Finland to T2S.
Euroclear Finland proceeds with its migration activities as planned. The first production day on T2S will be Monday, 11 September 2023.
We are delighted to inform that all Euroclear Finland’s participants have sent us their affirmation of readiness. The migration process has required great effort from all parties involved and we would like to take this opportunity to express our sincerest gratitude to everyone contributing to this transformation.
*) TARGET2-Securities (T2S) is a centralized settlement engine, run by European Central Bank (ECB). For detailed information please refer to the website of European Central Bank.
