01 July 2026 – Financial Markets Standards Board (FMSB) welcomes the recent recognition by the EU Industry Committee for T+1 of its Standard for Sharing of Standard Settlement Instructions (SSIs) as fully meeting the European Economic Area’s (EEA) requirements for pre-settlement SSI data storage and exchange and, when read with its EU-specific overlay for EEA markets, the minimum acceptable data standard for use within these markets.
This follows the UK Accelerated Settlement Taskforce’s recognition of the Standard as a “critical recommendation” in its report of February 2025. Together, these endorsements highlight the value of the FMSB Standard in underpinning cross-border interoperability and operational harmonisation with regard to SSIs.
As part of FMSB’s ongoing work to support industry adoption of its Standard, last month we published revised templates and optional input guides associated with the updated taxonomies published in January 2026.
Together, they represent the first major re-release of the “manual templates” referenced in Core Principle 2 of the Standard for Sharing of SSIs (December 2024), helping to prevent settlement fails where SSIs are still processed manually.
The Standard, as well as the new templates and input guides can be accessed here: Standard for Sharing of Standard Settlement Instructions (SSIs) | Financial Markets Standards Board
Notes to editors
About FMSB:
- Financial Markets Standards Board (FMSB) is an industry-led, member-funded global standards body for the wholesale financial markets.
- Created out of the Fair and Effective Markets Review (FEMR) in 2015, FMSB brings together its Members from banks, investment institutions, infrastructure and information providers, corporates, pension funds and non-bank liquidity providers, to develop Standards, Statements of Good Practice and Spotlight Reviews that raise standards of behaviour, competence and awareness – to promote the fairness and effectiveness of global wholesale financial markets.
- As well as standard setting, subject matter experts from member firms debate issues in working groups and are able to benchmark their approaches against industry peers, thus helping to lift standards of conduct.
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