Law360, Expert Analysis: The Accelerated Settlement Taskforce is currently examining a potential migration by the UK from a so-called T+2 to a T+1 settlement standard, ie, reducing the time it takes for securities transactions to settle, having published their initial views in March 2024. Against this context, and in anticipation of a further report by the taskforce confirming implementation details to be delivered by the end of 2024, Andrew Tsang, associate, and Tom Bacon, partner, at Bryan Cave Leighton Paisner LLP consider the rationale of adopting a new settlement standard plus any challenges, as well as the potential role of distributed ledger technology.