Securities settlement in the EU and central securities depositories (CSDs): shorter settlement cycle in the Union

Procedure 2025/0022(COD) (ordinary legislative procedure) concerns “Securities settlement in the EU and central securities depositories (CSDs): shorter settlement cycle in the Union”; the committee responsible is ECON (Economic and Monetary Affairs). Completed: Published in the Official Journal on 14 Oct 2025. Parliament held roll-call votes on one day, most recently on 10 Sep 2025 (final vote): adopted with 612 votes in favour, 7 against and 45 abstentions.

Reference

2025/0022(COD)

Type

Ordinary legislative procedure

Official title

Amendment of Regulation (EU) No 909/2014 as regards a shorter settlement cycle in the Union

Status

Completed, 1st reading

Lead

ECON Economic and Monetary Affairs

Rapporteur

Johan Van Overtveldt (ECR, Belgium)

Shadow rapporteurs

Jussi Saramo (The Left, Finland), Kira Marie Peter-Hansen (Greens/EFA, Denmark), René Repasi (S&D, Germany), Stéphanie Yon-Courtin (Renew, France), Fulvio Martusciello (EPP, Italy), Auke Zijlstra (PfE, Netherlands)

Roll-call votes in Parliament

• Securities settlement in the EU and central securities depositories (CSDs): shorter settlement cycle in the Union (A10-0095/2025), 10 Sep 2025: final vote, adopted, 612 for, 7 against, 45 abstentions

Votes in the Council of the EU

• 29 Sep 2025: Council (Competitiveness), Adoption of the legislative act: adopted; Member states: 27 for, 0 against, 0 abstentions. All 27 member states in favour. Result at the Council of the EU

Timeline

1. 19 Feb 2025: Appointment of a rapporteur

1st reading

1. 10 Mar 2025: Proposal referred to plenary
2. 10 Apr 2025: Parliamentary committee tabling report
3. 20 May 2025: Adoption of a report by the EP committee responsible; Tabling of a document to European Parliament plenary sitting
4. 22 May 2025: Endorsement of the EP committee responsible decision to start interinstitutional negotiations by the EP plenary
5. 18 Jun 2025: Interinstitutional negotiation
6. 15 Jul 2025: Approval of the provisional agreement with the Council by the EP committee responsible
7. 10 Sep 2025: EP position at 1st reading
8. 8 Oct 2025: Signature
9. 14 Oct 2025: Publication in the Official Journal

• All procedures

Source: European Parliament, Open Data Portal (procedures, agendas, roll-call votes), CC BY 4.0, prepared by OpenRCV. Votes in the Council: Council of the European Union, voting results (consilium.europa.eu), reused with acknowledgement of the source under Decision (EU) 2017/1842; population figures from the Council’s Rules of Procedure (Annex III, Official Journal of the EU). Procedure file in the Legislative Observatory (OEIL)