Shorter Settlement Cycle for Securities in the EU

by name voted on 10.09.2025

Summary

The EU is moving from a two-day (T+2) to a one-day (T+1) settlement cycle for securities to reduce financial risks and align with global markets.

10 10.09.2025

Report

finance

economy

business and competition

financial institutions and credit

Key points

The regulation mandates a shift from a two-day settlement cycle to a one-day settlement cycle for most securities transactions.
The primary goal is to reduce market risks, specifically regarding volatility and the ability of counterparties to meet obligations.
Certain transactions, such as privately negotiated trades and specific documented securities financing operations, are exempt from the new one-day rule.
The new settlement rules are scheduled to be applied starting from October 11, 2027.

Vote

PPE

S&D

PfE

ECR

Renew

Verts/ALE

The Left

NI

ESN

Total

Documents (PDFs)

PROVISIONAL AGREEMENT RESULTING FROM INTERINSTITUTIONAL NEGOTIATIONS 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 DRAFT REPORT 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 REPORT 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 Securities settlement in the EU and central securities depositories (CSDs): shorter settlement cycle in the Union Follow up to T10-0179/2025

These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.