Based on the changes of deadlines in the ECB projects and the European regulatory regimes, Euroclear Finland has revised its planned T2S migration.

The ECB’s T2-T2S consolidation programme will now be implemented at the time that was reserved for the Finnish migration in November 2022. Following a unanimous recommendation from the Finnish National Stakeholder Group (FINNUG) on 13 November, Euroclear Finland has written to the European Central Bank’s Market Infrastructure Board (MIB) proposing that Finland would migrate to T2S in September 2023. The proposed timeline is in line with the overall ECB and regulatory timelines, and gives adequate time for market testing.

We will confirm the new migration date once we have received the necessary endorsement from the ECB MIB and the EFi Board.

If you have any questions, do not hesitate to contact your client relationship manager.