It is therefore appropriate to introduce a targeted amendment to Regulation (EU) No 909/2014 in order to shorten the current mandatory settlement cycle to no later than one business day after the trading takes place. That shortening of the settlement cycle would not prevent central securities depositories from voluntarily settling transactions on the same date as the trade date, where technologically feasible.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
