Regulation · Instrument · European Union · Technical standard (RTS/ITS) · European Commission
Amendment to Commission Delegated Regulation (EU) 2018/1229 (CSDR settlement discipline RTS) for T+1
Amended regulatory technical standards on settlement discipline, drafted by ESMA, adding requirements on allocations, confirmations and settlement functionality needed for T+1. Endorsed by the Commission and under scrutiny by the Parliament and Council as of July 2026.
Proposed · part of Central Securities Depositories Regulation (CSDR), Regulation (EU) No 909/2014
Key points
- ESMA's final report on the amendments was published on 13 October 2025; the Commission endorsed them and they were under Parliament and Council scrutiny in July 2026.[1]
- Compliance deadlines are 7 December 2026 for allocations and confirmations and 11 October 2027 for settlement-layer requirements.[1]
Timeline
- 13 Oct 2025 · ProposedESMA final report on draft RTS amendments.[1]
- 6 Jul 2026 · ProposedCommission adopts the delegated regulation (C(2026) 4640) and sends it to the Parliament and Council for scrutiny; it enters into force 20 days after Official Journal publication.[2]
- 7 Dec 2026 · In force · upcomingFirst compliance deadline.[1]
- 1 Jul 2027 · In force · upcomingA second group of the amendments applies.[2]
- 11 Oct 2027 · In force · upcomingFinal compliance deadline.[1]
Deployments operating under it
None recorded with a source yet.
Sources
- [1]Statement on T+1 preparations: key deadlines and action points (ESMA74-2119945926-3773) — ESMA, 20 Jul 2026. Accessed 12 Oct 2026.A
- [2]Cover note 11644/26: Commission Delegated Regulation amending the regulatory technical standards in Delegated Regulation (EU) 2018/1229 on settlement discipline (C(2026) 4640 final) — Council of the European Union, 8 Jul 2026. Accessed 13 Oct 2026.A