Regulation · Instrument · European Union · Primary legislation · European Commission
Regulation (EU) 2025/2075 amending CSDR to shorten the settlement cycle to T+1
Amendment to CSDR requiring transactions in transferable securities executed on trading venues to settle one business day after trade from 11 October 2027.
Final, not yet in force · effective 11 Oct 2027 · part of Central Securities Depositories Regulation (CSDR), Regulation (EU) No 909/2014
Key points
- The legal framework for T+1 has been in place since mid-October 2025 and the move takes effect on 11 October 2027.[1]
- ESMA, the Commission and the ECB run a T+1 Coordination Committee and an Industry Committee to steer the transition.[2]
Timeline
- Oct 2025 · FinalPublished in the Official Journal.[1]
- 11 Oct 2027 · In force · upcomingT+1 applies.[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]Shortening the settlement cycle to T+1 in the EU — ESMA. Accessed 12 Oct 2026.A