Dossier · Ordinary legislative procedure
Amendment of Regulation (EU) No 909/2014 as regards a shorter settlement cycle in the Union
- Reference
- 2025/0022(COD) Ordinary legislative procedure
- Where it stands
- Completed: published in the Official Journal on 14 October 2025 and now EU law.
- Stage
- Published as law
- Lead committee
- Economic and Monetary Affairs ECON
More facts (5)
- Rapporteur
- Johan VAN OVERTVELDT
- Shadow rapporteurs
- 6 members
- Decisions in plenary
- 1
- Last vote
- 10 Sept 2025 · Passed
- Versions
- 3 versions
Where it stands
The steps of this kind of dossier and how far it has come, from the procedure file.
- Referred to committee (done) 10 March 2025
- Committee work (done) Report adopted 20 May 2025
- Tabled for plenary (done) 20 May 2025
- Negotiations with the Council (done) Deal approved in committee 15 July 2025
- Plenary vote (done) Adopted 10 September 2025
- Published as law (done) 14 October 2025
A proposed EU law. Parliament and the Council must agree on the same text: Parliament adopts its position, then negotiates with the Council.
People
Committees and members responsible for the dossier, as the procedure file names them. Groups as recorded there.
- Lead committee
- Economic and Monetary Affairs ECON
- Shadow rapporteurs
- Fulvio MARTUSCIELLO (EPP), René REPASI (S&D), Auke ZIJLSTRA (Patriots), Stéphanie YON-COURTIN (Renew), Kira Marie PETER-HANSEN (Greens), Jussi SARAMO (The Left)
Decisions in plenary, 1
Every decision Parliament took on this dossier, newest first.
| Date | Decision | Kind | Effect | Final vote |
|---|---|---|---|---|
| 10 Sept 2025 | Securities settlement in the EU and central securities depositories (CSDs): shorter settlement cycle in the Union | New laws | Passed | 612 for, 7 against, 45 abstained by roll call |
Every roll-call vote on the dossier, in date and voting order, with each group's line at the date of the vote.
Each group's clear line at the date of the vote: a position with at least two thirds of the group's votes (at least 10 members voting), otherwise Divided; “< 10 voted” when fewer took part. Result: outcome, for–against–abstained (method).
- 10 Sept 2025 Final vote on the provisional agreement
Adopted 612–7–45
- The Left
- Abst.
- Greens
- For
- S&D
- For
- Renew
- For
- EPP
- For
- ECR
- For
- Patriots
- For
- ESN
- For
Add members’ columns
Versions, 3
The text of the dossier, version by version, newest first. Compare shows what changed between two consecutive versions.
Adopted by Parliament10 Sept 2025
Adopted text TA10-0179/2025 TA-10-2025-0179
Tabled for plenary20 May 2025
Report A10-0095/2025 A-10-2025-0095
Committee draft10 Apr 2025
Draft report (ECON) ECON-PR-770091
AI: Each version in short Written by AI from the official text — check the source
- Adopted text TA10-0179/2025: Parliament's amended version of the proposed regulation shortens the securities settlement cycle in the EU to one business day after the trading date, with certain exceptions.
- Report A10-0095/2025: Parliament's amended version of the proposed regulation shortens the mandatory settlement cycle for securities transactions on trading venues from T+2 to T+1, with exemptions for certain privately negotiated or bilaterally executed transactions and for securities financing transactions documented as single transactions composed of two linked operations.
- Draft report (ECON): 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.
What changed, 2
Between consecutive versions, newest pair first. The overviews are written by AI from the two texts; the comparison shows every change.
Latest Tabled for plenary → Adopted by Parliament Report A10-0095/2025 → Adopted text TA10-0179/2025
AI: What changed Written by AI from the official text — check the source
The versions differ only in formal points: the document header is updated to reflect the final legislative act and the recitals are replaced by the adopted text reference.
Committee draft → Tabled for plenary Draft report (ECON) → Report A10-0095/2025
AI: What changed Written by AI from the official text — check the source
The new version is the committee report containing the full legislative text, replacing the draft report's explanatory motion. It sets the application date to 11 October 2027 and adds exemptions for certain securities financing transactions from the T+1 requirement.
Timeline, 12
Every recorded step, newest first, grouped by stage; the latest stage is open.
Outcome 2 steps · 8 Oct 2025–14 Oct 2025
14 October 2025
Published in the Official Journal
The act is now EU law.
8 October 2025
Signed by the Presidents of Parliament and the Council
The last step before the act is published in the Official Journal.
Plenary stage 2 steps · 3 Sept 2025–10 Sept 2025
10 September 2025
Plenary vote
Sitting of 10 Sept 2025 Adopted text TA10-0179/2025Report A10-0095/2025
3 September – 5 September 2025
2 amendments tabled for the plenary vote
Groups propose changes to the tabled text; each is voted on before the final vote.
Negotiations with the Council 3 steps · 22 May 2025–15 Jul 2025
15 July 2025
Committee approved the deal reached with the Council
The provisional agreement from the trilogues goes to the whole Parliament for a vote.
18 June 2025
Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
22 May 2025
Plenary endorsed the mandate to negotiate with the Council
Parliament’s negotiators can now seek a compromise text with the Council (in “trilogues”).
Plenary stage 1 step · 20 May 2025
20 May 2025
Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
Committee stage 4 steps · 10 Mar 2025–20 May 2025
20 May 2025
Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
30 April 2025
Amendments tabled in committee
Members of ECON (Economic and Monetary Affairs) proposed changes to the draft.
10 April 2025
Draft report published
The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.
10 March 2025
Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares Parliament’s report.
Connections
Texts, decisions, people and other dossiers related to this one.
Texts voted on
Other dossiers of the same rapporteur
- Dossier Digital assets – challenges for the competitiveness and integrity of the European Union’s financial system 2025/2208(INI) · Own-initiative report 7 Jul 2026 Adopted
- Dossier Laying down the measures necessary for the implementation of Protocol No 37 on the financial consequences of the expiry of the ECSC Treaty and on the Research Fund for Coal and Steel, annexed to the Treaty on European Union and to the Treaty for the Functioning of the European Union 2025/0390(APP) · Consent procedure 16 Jun 2026 Consent given
- Dossier European Central Bank – annual report 2025 2025/2182(INI) · Own-initiative report 10 Feb 2026 Adopted
- Dossier Safeguarding and promoting financial stability amid economic uncertainties 2025/2051(INI) · Own-initiative report 20 Jan 2026 Adopted
Dossiers sharing a running issue
- Dossier The role of social, economic and environmental standards in safeguarding fair competition for all aquatic food products and improving food security 2025/2010(INI) · Own-initiative report 17 Sept 2026 Adopted
- Dossier Acceleration of permit-granting for defence readiness projects 2025/0172(COD) · Ordinary legislative procedure 16 Sept 2026 Passed
- Dossier Amending Directives 2009/43/EC and 2009/81/EC, as regards the simplification of intra-EU transfers of defence-related products and the simplification of security and defence procurement 2025/0177(COD) · Ordinary legislative procedure 16 Sept 2026 Passed
- Dossier Amending Regulations (EC) No 1907/2006, (EC) No 1272/2008, (EU) No 528/2012, (EU) 2019/1021 and (EU) 2021/697 as regards defence readiness and facilitating defence investments and conditions for defence industry 2025/0176(COD) · Ordinary legislative procedure 16 Sept 2026 Passed
- Dossier Establishing the Single Market and Customs Programme for the period 2028-2034 and repealing Regulations (EU) 2021/444, (EU) 2021/690, (EU) 2021/785, (EU) 2021/847 and (EU) 2021/1077 2025/0590(COD) · Ordinary legislative procedure 16 Sept 2026 Passed
Sources & citation
Where the facts on this page come from, and how to cite it.
- Official source
- Data source
- Licensed CC BY 4.0.
- Retrieved
- 25 September 2026
Cite as
European Parliament (2025). “Amendment of Regulation (EU) No 909/2014 as regards a shorter settlement cycle in the Union”. Dossier, 10 September 2025. procId 2025-0022, reference 2025/0022(COD). EU Parl Watch Research. https://news.eu-parl.st-solutions.dev/dossiers/2025-0022 (retrieved 25 September 2026). Official source: Procedure file (Legislative Observatory, OEIL), https://oeil.secure.europarl.europa.eu/oeil/en/procedure-file?reference=2025%2F0022(COD). Data: EP Open Data API: procedure record, https://data.europarl.europa.eu/api/v2/procedures/2025-0022 (CC BY 4.0).
BibTeX
@misc{epw-dossier-2025-0022,
author = {{European Parliament}},
title = {{Amendment of Regulation (EU) No 909/2014 as regards a shorter settlement cycle in the Union}},
year = {2025},
date = {2025-09-10},
howpublished = {\url{https://news.eu-parl.st-solutions.dev/dossiers/2025-0022}},
url = {https://news.eu-parl.st-solutions.dev/dossiers/2025-0022},
urldate = {2026-09-25},
publisher = {EU Parl Watch Research},
note = {Dossier. procId 2025-0022, reference 2025/0022(COD). Official source: https://oeil.secure.europarl.europa.eu/oeil/en/procedure-file?reference=2025\%2F0022(COD). Data: EP Open Data API: procedure record (CC BY 4.0)}
}