16/04/2025 (Agence Europe) – In his draft report published on Thursday 10 April, MEP Johan Van Overtveldt (ECR, Belgian) proposes that the European Parliament accept without amendment the European Commission’s proposal to reduce the settlement cycle for securities transactions in the EU from October 2027 (see EUROPE 13578/28). In particular, the rapporteur stresses the urgency of adopting the proposal in order to maintain the European Union’s competitiveness on the global financial markets. “Although significant operational and technical work remains, from a legislative and political standpoint, the proposal should not pose significant challenges”, says the former Belgian journalist and minister. See the draft report: https://aeur.eu/f/gfr (BD)