Council of the EU publishes text of amendment to CSDR for T+1

The Council of the EU has published a text of the amendment to the Central Securities Depositories Regulation (CSDR) to shorten the settlement cycle to T+1. The draft regulation covers most securities traded on EU trading venues but “would not prevent central securities depositories from voluntarily settling transactions on the same date as the trade date (T+0), where technologically feasible”.