A shorter settlement cycle for securities transactions in the EU - Related links

European Commission

• COM (2025) 38 final (Proposal for a Regulation, 12 February 2025)
• Commission proposes to shorten settlement cycle for EU securities from two days to one (Press release, 12 February 2025)
• Questions and Answers on the proposal to shorten EU settlement cycle from two days to one (Q&A, 12 February 2025)
• SWD (2025) 37 final (Staff Working Document, 12 February 2025)

European Central Bank

• Towards European market and post-market infrastructures supporting the smooth functioning of the Savings and Investments Union (Discussion paper, Bank of France, January 2025)

Think tanks and other organisations

• Towards an EU Savings and Investments Union (pp. 25-27, Policy Paper, Deutsche Böurse, February 2025) (EN only)
• ESMA assessment of the shortening of the settlement cycle in the European Union (Report, ESMA, November 2024) (EN only)
• High-level Roadmap for adoption of T+1 in EU Securities Markets (Joint report, T+1 Task Force, October 2024) (EN only)
• Associations’ explanatory note on the impact of the US move to T+1 on Corporate Actions (report, AFME, FESE & ECSDA, September 2024) (EN only)