Securities settlement in the EU and central securities depositories (CSDs): shorter settlement cycle in the Union
Amendment of Regulation (EU) No 909/2014 as regards a shorter settlement cycle in the Union
- Stage
- In force, reached 14 Oct 2025
- In force
- In force since 3 Nov 2025 · CELEX 32025R2075
- Procedure
- Regulation · Ordinary legislative procedure
- Rapporteur
- Johan Van Overtveldt (ECR)
- Lead DG
- DG FISMA
- Commissioner
- Maria Luís Albuquerque
- Council configuration
- Economic and Financial Affairs Council
- Last activity
- 14 Oct 2025
- Legal basis
- TFEU Art. 114; TFEU Art. 294
Where it stands
Latest: Published in the Official Journal, 14 Oct 2025.
ShowHide the earlier record: 11 dates, 12 Feb 2025 to 19 Jun 2025
- 12 Feb 2025
- Adoption of legislative proposal by the Commission
- 10 Mar 2025
- Referred to committee
- 2 Apr 2025
- Deliberations in Council working party
- 10 Apr 2025
- Committee report tabled
- EP committee draft report
- 30 Apr 2025
- Committee amendments tabled
- Tabling of amendments in the EP committee responsible
- 7 May 2025
- Adoption of negotiating mandate by Coreper
- 20 May 2025
- Committee report adopted
- Tabled for plenary
- 22 May 2025
- Plenary endorsed the trilogue mandate
- 11 Jun 2025
- Deliberations in Coreper
- 18 Jun 2025
- Interinstitutional negotiations
- 19 Jun 2025
- Deliberations in Coreper
- 27 Jun 2025
- Endorsement of the provisional agreement by Coreper
- 15 Jul 2025
- Committee approved the provisional agreement
- 3 Sept 2025
- Tabled for plenary
- 5 Sept 2025
- Tabled for plenary
- 10 Sept 2025
- Plenary adopted first-reading position
- Plenary vote
- 29 Sept 2025
- Approval of the EP's first reading position by the Council (adoption of the legislative act)
- 8 Oct 2025
- Signed
- 14 Oct 2025
- Published in the Official Journal
Who is on it
The Parliament's rapporteurs, shadow rapporteurs and opinion rapporteurs currently on this file.
| Role | Name | Group | Country | Committee |
|---|---|---|---|---|
| Rapporteur | Johan Van Overtveldt | ECR | BE | ECON |
| Shadow rapporteur | Auke Zijlstra | PfE | NL | ECON |
| Shadow rapporteur | Fulvio Martusciello | EPP | IT | ECON |
| Shadow rapporteur | Jussi Saramo | The Left | FI | ECON |
| Shadow rapporteur | Kira Marie Peter-hansen | Greens/EFA | DK | ECON |
| Shadow rapporteur | René Repasi | S&D | DE | ECON |
| Shadow rapporteur | Stéphanie Yon-courtin | Renew | FR | ECON |
Documents
Newest first. Each opens at its source.
- Text adopted · T10-0179/2025Parliament · 15 Jul 2025
- Agenda · GEDA/A/(2025)003233Parliament · 22 May 2025
- Agenda · PE775.572Parliament · 22 May 2025
- Report · A10-0095/2025Parliament · 20 May 2025
- Committee opinion · CON/2025/0007Parliament · 14 Apr 2025
- Report · PE770.091Parliament · 10 Apr 2025
- Amendments · PE773.076Parliament · 10 Apr 2025
- Proposal · COM(2025)0038Commission · 12 Feb 2025
- OJ C 14.04.2025Commission
- Text adopted · OJ L 14.10.2025Commission
- Text adopted · Regulation 2025/2075Commission
- Text adopted · SP(2025)10-27Parliament
Summary
GeneratedThis regulation amends the Central Securities Depositories Regulation (CSDR) to shorten the standard settlement cycle for securities transactions in the EU from T+2 to T+1. It aims to enhance market efficiency, reduce counterparty risk, and lower operational costs for investors and sales agents. The measure is now in force, led by DG FISMA under Commissioner Maria Luís Albuquerque.
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A first draft
Sources: EP Legislative Observatory · EU Law Tracker · EUR-Lex. Record as of 14 Sept 2026. Something wrong on this page? Report an error.
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