Changes between two versions
What changed between the plenary report and the adopted text
From · plenary report· 20 May 2025
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
To · adopted text· 10 Sept 2025
Securities settlement in the EU and central securities depositories (CSDs): shorter settlement cycle in the Union
AI:What changed, in short
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.1
0 changes of substance · 1 formal · 0 of wording only
Written by AI from the two texts only · read the changes before relying on it · 4 Sept 2026 · Report a problem
+8 added · −50 removed · 2 changed paragraphs, packaging included.
Part 2 of 2: Paragraphs 61–71
Removed:‘(d) upon request from the Commission, for the reports referred to in paragraph 1, point (a)(ia), points (e), (h), (j) and (k).’;
Removed:(3) Article 75 is amended as follows:
Removed:(a) in paragraph 1, point (a), the following point is inserted:
Removed:‘(ia) the market impact of, and justification for, the exemption from the T+1 settlement cycle requirement for certain types of securities financing transactions;’.
Removed:Entry into force and application
Removed:This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
Removed:It shall apply from 11 October 2027.
Removed:This Regulation shall be binding in its entirety and directly applicable in all Member States.
Removed:Done at Brussels,
Removed:For the European Parliament For the Council
Removed:The President The President