The European Parliament’s Committee on Economic and Monetary Affairs has published a draft report regarding its proposal to amend the Central Securities Depository Regulation (EU) 909/2014 (CSDR) to reduce the settlement cycle for EU transactions in transferable securities from two days to one (T+1). This proposal is part of the Capital Markets Union (CMU) initiative and aims to increase competitiveness, reduce risks to financial stability, and promote settlement efficiency. The proposal is considered technical in nature and urgent, and it is suggested that Parliament approves it without amendments.

The European Parliament's Committee on Economic and Monetary Affairs has published proposed amendments to Regulation (EU) No 909/2014, mandating a shorter settlement cycle for securities transactions. Under the new proposal, most securities transactions executed on trading venues will settle within one business day (T+1) rather than the current two-day cycle, with implementation scheduled for 11 October 2027. The amendments exempt certain securities financing transactions and assign the task of monitoring settlement efficiency during the transition to the European Securities and Markets Authority. This change aims to reduce counterparty risks and align EU markets with global practices.

The European Parliament’s Policy Department for Justice, Civil Liberties and Institutional Affairs has published a study examining the EU’s regulatory approach to civil liability for artificial intelligence (AI) systems. The study, commissioned at the request of the Committee on Legal Affairs, recommends implementing a strict liability regime for high-risk AI systems. It advocates for a single responsible operator model to prevent regulatory fragmentation across EU Member States and emphasises the importance of legal certainty, efficiency and harmonisation in the regulatory framework.

The European Parliament has raised concerns regarding the European Commission's decision on 30 January 2025 to extend the regulatory equivalence for UK central counterparties (CCPs) under the European Market Infrastructure Regulation (EMIR) for an additional three years, until 30 June 2028. This decision, made through an expedited procedure, maintains the current arrangement allowing UK central counterparties (CCPs) to provide clearing services to EU entities despite growing regulatory divergence post-Brexit. The extension has prompted questions about its alignment with recent amendments to EMIR and the broader strategy for EU financial market infrastructure. The Parliament supports the Committee on Economic and Monetary Affairs (ECON) in scrutinising the Commission's implementing decision, highlighting concerns about over-reliance on UK CCPs, the short notice given to the Parliament, and the potential need for future equivalence decisions to be delegated acts.

The European Parliament and Council have reached an informal agreement to extend the EU's gas storage scheme until 31 December 2027. The amendment maintains a 90% storage filling target but introduces increased flexibility by allowing member states to meet this target between 1 October–1 December 2025, rather than solely by 1 November 2025. Additionally, the agreement establishes new transparency requirements regarding Russian-origin gas storage and empowers the Commission to grant additional flexibility through delegated acts. The Industry, Research and Energy committee is scheduled to vote on the agreement on 26 June 2025, as the EU seeks to mitigate exposure to volatile energy prices amid ongoing geopolitical instability.

The European Parliament has adopted a provisional political agreement on 10 April 2024 with EU countries on new rules to cut methane emissions from the energy sector. The new Regulation will apply to direct methane emissions from the oil, fossil gas and coal sectors, as well as emissions from biomethane once it is injected into the gas network. The agreement includes strengthened obligations to repair leaks, a ban on venting and flaring methane from drainage stations, which release methane into the atmosphere, by 2025 and from ventilation shafts by 2027. The new law must now be adopted by the Council of the EU, before it can be published in the EU Official Journal and enter into force 20 days later.

The European Parliament’s Committee on the Internal Market and Consumer Protection has adopted a non-legislative report recommending stronger measures to protect minors online. The report, approved by 483 votes in favour, 92 against and 86 abstentions, highlights concerns about physical and mental health risks linked to digital platforms, citing research that one in four minors exhibit problematic smartphone use. It proposes a harmonised EU minimum age of 16 for access to social media, video-sharing platforms and artificial intelligence (AI) companions, with parental consent allowed for users aged 13–16.

The European Parliament has rejected the mandate adopted by its Legal Affairs Committee (JURI) on the proposed sustainability omnibus package (Omnibus I) on 13 October 2025, with 309 votes in favour, 318 against and 34 abstentions. Members of the European Parliament (MEPs) will vote again on the amendments to the omnibus on 13 November 2025. Once Parliament adopts its position, it will then be able to begin negotiations with the Council of the EU, which adopted their position on 23 June 2025. The aim is to finalise the legislation by the end of 2025, however this timetable may be in doubt given the dispute over the Parliament’s negotiating mandate. The package comprises major proposed revisions to the Corporate Sustainability Reporting Directive (EU) 2022/2464 (CSRD) and the Corporate Sustainability Due Diligence Directive (EU) 2024/1760 (CS3D). It aims to simplify existing sustainability reporting and due diligence requirements, reducing administrative burdens on companies, while improving competitiveness.

The European Parliament has rejected the European Commission’s proposal to establish a monitoring framework for resilient European forests, with 370 Members of the European Parliament (MEPs) voting in favour of rejection, 264 opposing it and nine abstaining, thereby closing its first reading. In its 2026 Work Programme the Commission has indicated its intention to withdraw the proposal as a result of the legislative bodies’ failure to agree a position.

The European Parliament’s Legal Affairs Committee (JURI) has confirmed that it will vote on the proposed sustainability omnibus package (Omnibus I) on Monday 13 October 2025. The package is comprised of major proposed revisions to the Corporate Sustainability Reporting Directive and Corporate Sustainability Due Diligence, with the aim of simplifying existing sustainability reporting and due diligence requirements for companies by reducing administrative burdens and improving competitiveness. The European Parliament is expected to confirm its position in a vote in the full plenary in the week commencing 20 October 2025, after which trilogue negotiations will begin. The Danish Presidency has indicated that it aims to conclude negotiations on the omnibus before the end of the year.

The European Parliament’s Transport and Tourism Committee has adopted its negotiating position on revising EU air passenger rights by 34 votes to two abstentions, aiming to preserve and strengthen protections for travellers affected by delays, cancellations, or denied boarding. MEPs insisted on retaining the current three-hour delay threshold for compensation, rejecting the Council’s proposal to extend it to four or six hours, and confirmed that compensation amounts should continue to range from €300 to €600 depending on flight distance. The Committee endorsed a standardised compensation and reimbursement form to be issued by airlines within 48 hours of disruption, with passengers given one year to submit claims and immediate compensation in cases of denied boarding. It proposed a closed list of exceptions, consistent with European Court of Justice rulings, covering events such as natural disasters, armed conflict, extreme weather, or external labour disputes, but excluding strikes by airline staff. MEPs also called for the right to carry one personal item and one small piece of hand luggage free of charge, a ban on fees for check-in, correcting booking errors, or seating children under 14 with accompanying adults, and the option of paper or digital boarding passes. Negotiations with the Danish Council Presidency will begin on 15 October, with three months allotted to reach an agreement, extendable by one month.

The European Parliament has published a study on online fraud and fake web shops, mapping the fraudulent practices used across their full operational lifecycle, assessing the EU legal and enforcement framework and identifying structural gaps in coverage, enforcement and cross-border coordination. The study concludes that, although the EU legal framework provides relevant instruments across the fraud lifecycle, enforcement is constrained by a structural mismatch between the framework and the way fake web shops operate, with fraudulent operators using false identities, disposable domains and short operating cycles. It also finds that consumers' ability to recover losses depends on how payments are legally classified, the payment method used and fragmented enforcement and redress pathways.