5New EU laws·decision 5 of 16 on Wednesday, 10 September 2025
Securities settlement in the EU and central securities depositories (CSDs): shorter settlement cycle in the Union
Committee report by Johan Van Overtveldt · Parliament’s first vote on a proposed EU law. It sets Parliament’s position for negotiations with the Council. · voted at 14:20
Parliament’s position on proposed laws. It usually needs to agree with the Council before a law is final.
The proposal shortens the mandatory settlement cycle for most securities transactions in the EU from two business days after trading (T+2) to one business day (T+1). Parliament adopted its position on the law, supporting the move to T+1 to reduce risks and align with global markets. Certain securities financing transactions are exempt, and the Commission may adjust penalty rules if settlement fails increase. The application date is deferred to allow preparation, and ESMA will monitor settlement efficiency and report on future T+0 feasibility.
One day of voting in plenary. Each subject is a report, resolution, agreement or objection; they are grouped by kind of decision, and each group says what “adopted” means there.
The ballots
Members vote on amendments and on parts of the text first, then on the text as a whole. That final, decisive vote is the result shown at the top of each subject.
Who voted how
Only roll-call votes record each Member’s vote — open one for every name and the breakdown by group. A show of hands records the outcome only.
Document & procedure
Each subject rests on a document (a committee report, a motion, a Council or Commission text) and belongs to a procedure, the whole file that can span years.
Group badges
How most of a group voted: ✓ For · ✗ Against · – Abstained · ~ Split (no majority).
Codes in ballot labels
Am 27 — amendment 27
§ 5 — paragraph 5
§ 5/2, part 2 — a A paragraph or amendment voted in separate parts, so groups can back one part and oppose another., taken in parts
Am 3= 7= — identical amendments voted together
***I — Parliament’s first vote on a proposed EU law. It sets Parliament’s position for negotiations with the Council.; *** — Parliament can approve or reject the text, for example an international agreement, but cannot amend it.; * — Parliament gives its opinion on a proposal. The Council decides, but must wait for Parliament’s opinion.
Lapsed — Not put to a vote, because an earlier vote already settled the matter.