Maximum length of the usual ‘short settlement cycle’
Article 5
The maximum length of the usual ‘short settlement cycle’ shall be three trading days following the transaction.
Commission Directive 2007/14/EC of 8 March 2007 laying down… Article 5
Commission Directive 2007/14/EC of 8 March 2007 laying down… Article 5
Other provisions in Commission Directive 2007/14/EC of 8 March 2007 laying down…
- Article 1: Subject matter
- Article 2: Procedural arrangements for the choice of the home Member State
- Article 3: Minimum content of half-yearly non-consolidated financial statements
- Article 4: Major related parties’ transactions
- Article 6: Control mechanisms by competent authorities as regards market makers
- Article 7: Calendar of trading days
- Article 8: Shareholders and natural persons or legal entities referred to in Article 10 of the Transparency Directive required to make the notification of major holdings
- Article 9: Circumstances under which the notifying person should have learned of acquisition or disposal or of possibility to exercise voting rights
- Article 10: Conditions of independence to be complied with by management companies and investment firms involved in individual portfolio management
- Article 11: Types of financial instruments that result in an entitlement to acquire, on the holder’s own initiative alone, shares to which voting rights are attached
CitationArticle 5 of Commission Directive 2007/14/EC of 8 March 2007 laying down… (LawPlayer, data as of 2026-07-04)
© European Union, https://eur-lex.europa.eu, 1998-2026. Reuse authorised under Commission Decision 2011/833/EU, provided the source is acknowledged.
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