On 1 April 2025, the European Central Bank issued an opinion on the proposed Regulation amending Regulation (EU) No 909/2014 as regards a shorter settlement cycle in the Union.

The short opinion only contains general observations which include the ECB welcoming the proposed Regulation’s objective of reducing the maximum duration of the settlement cycle as regards certain transactions in transferable securities from two business days to one business day after the trade date, commonly referred to as T+1.