Member states’ representatives (Coreper) today approved the Council’s position (‘negotiating mandate’) on a Commission proposal to shorten the settlement period for transactions in transferable securities. The goal is to shorten the settlement cycle on securities trades, such as transactions in shares or bonds, executed on EU trading venues from two business days (the so-called ‘T+2’) to one business day after the trade date (‘T+1’).
Securities settlement: member states agree position on shorter settlement cycle – Consilium
