Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Intermediated Securities: The Impact of the Geneva Securities Convention and the Future European Legislation

Intermediated Securities: The Impact of the Geneva Securities Convention and the Future European Legislation

Segna, Ulrich
Conac, Pierre-Henri
Thevenoz, Luc

Hardcover

General Law

ISBN10: 1107023475
ISBN13: 9781107023475
Publisher: Cambridge University Press
Published: May 30 2013
Pages: 444
Weight: 1.65
Height: 0.90 Width: 5.90 Depth: 9.00
Language: English
In today's financial markets, investors no longer hold securities physically. Instead, securities such as shares or bonds are mostly held through intermediaries and transferred by way of book-entries on securities accounts. However, there are remarkable conceptual differences between the various jurisdictions with regard to the legal treatment of intermediated securities. It is widely agreed that this patchwork creates considerable legal risks, especially in cross-border situations. Two initiatives are in place to reduce these risks. In 2009, the UNIDROIT Convention on Substantive Rules for Intermediated Securities (the 'Geneva Securities Convention') was adopted, aimed at harmonisation on the international level. The EU Commission is also running a legislative project, to achieve harmonisation at the regional level. This book compares both initiatives and analyses their impact on the securities laws of selected European jurisdictions.

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