On the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 909/2014 as regards a shorter settlement cycle in the Union

Committee on Economic and Monetary Affairs · Rapporteur: Johan Van Overtveldt

✦ In short · AI summary of this text, generated 4 Sept 2026

The draft report concerns a Commission proposal to amend the Central Securities Depository Regulation to shorten the settlement cycle for EU securities transactions from two days to one (T+1). The rapporteur proposes that Parliament approve the proposal without amendments.¶¶¶

Committee position. The rapporteur proposes that Parliament approve the Commission proposal without amendments.¶

Key points

The proposal amends Regulation (EU) No 909/2014 to reduce the settlement cycle for EU transactions in transferable securities from two days to one (T+1).¶
The change aims to increase competitiveness, reduce risks to financial stability, and promote efficiency of settlement, contributing to a more efficient post-trading landscape in the EU.¶
Adopting T+1 in the EU, in coordination with the UK and Switzerland, will help prevent market fragmentation and reduce costs from misalignment in global financial markets.¶
The rapporteur proposes that Parliament approves the proposal without amendments, given its technical nature and urgency.¶

Who is affected

EU market participants in transferable securities transactions, who will face a shorter settlement cycle.¶¶

Figures and deadlines

Settlement cycle reduced from two days to one (T+1).¶

Legal basis: Article 294(2) and Article 114 of the Treaty on the Functioning of the European Union¶

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