Monte Titoli will not migrate to T2S on 22 June 2015.
The T2S Board and the CSD Steering Group agreed to support the formal request made by Monte Titoli (Italy) to reschedule the Italian community's migration to T2S to 31 August 2015.
This solution will be submitted to the ECB decision-making bodies for final approval.
Impact on customers
As a result, there is no impact for Italy for customers for the 22 June 2015 T2S wave 1 implementation.
The current services, settlement deadlines and functionalities will continue to apply as documented in the current applicable Market Guide (Italy). The related updates will only be implemented once Monte Titoli migrates to T2S.