Changes between two versions
What changed between the draft committee report and the plenary report
From · draft committee report· 10 Apr 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 · 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
AI:What changed, in short
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.1
1 change of substance · 0 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
+49 added · −5 removed · 4 changed paragraphs, packaging included.
Part 1 of 2: DRAFT EUROPEAN PARLIAMENT LEGISLATIVE RESOLUTION
DRAFT EUROPEAN PARLIAMENT LEGISLATIVE RESOLUTION
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
Changed:(COM(2025)0038 – C100011/2025C10-0011/2025 – 2025/0022(COD))
5 unchanged paragraphs
(Ordinary legislative procedure: first reading)
The European Parliament,
– having regard to the Commission proposal to Parliament and the Council (COM(2025)0038),
– having regard to Article 294(2) and Article 114 of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C100011/2025),
– having regard to Article 294(3) of the Treaty on the Functioning of the European Union,
Changed:– having regard to the opinion of the European Central Bank of 31 March 2025 on a 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,2025,
Added:– having regard to the opinion of the European Economic and Social Committee of 30 April 2025
– having regard to Rule 60 of its Rules of Procedure,
Changed:– having regard to the report of the Committee on Economic and Monetary Affairs (A100000/2025),(A10-0095/2025),
Changed:1. Adopts its position at first reading, taking overreading thehereinafter Commissionset proposal;out;
2. Calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal;
3. Instructs its President to forward its position to the Council, the Commission and the national parliaments.