The Financial Markets Standards Board has highlighted that the EU Industry Committee for T+1 has recognized its Standard for Sharing of Standard Settlement Instructions as fully meeting European Economic Area requirements for pre-settlement SSI data storage and exchange. FMSB said the standard, when used with its European Union-specific overlay for EEA markets, also meets the minimum acceptable data standard for use in those markets. The recognition follows the UK Accelerated Settlement Taskforce’s February 2025 report, which identified the standard as a critical recommendation. FMSB linked the two endorsements to cross-border interoperability and operational harmonization for SSIs. It also noted that, in June 2026, it published revised templates and optional input guides tied to taxonomies updated in January 2026. These are the first major re-release of the manual templates referenced in Core Principle 2 of the December 2024 standard and are intended to help reduce settlement fails where SSIs are still handled manually.
Financial Markets Standards Board2026-07-01
Financial Markets Standards Board SSI standard recognized as meeting EEA pre settlement data requirements for T+1
The Financial Markets Standards Board said its SSI standard has been recognized by the EU Industry Committee for T+1 as fully meeting EEA requirements for pre-settlement SSI data storage and exchange. With its EU-specific overlay, the standard also meets the minimum acceptable data standard for EEA markets. FMSB also pointed to revised templates and input guides released in June 2026 to support manual SSI processing and reduce settlement fails.