Intermediated securities : the impact of the Geneva Securities Convention and the future European legislation / edited by Pierre-Henri Conac, Ulrich Segna, and Luc Thévenoz.

Format:

Book

Contributor:

Conac, Pierre-Henri, editor.

Segna, Ulrich, editor.

Thévenoz, Luc, editor.

Language:

English

Subjects (All):

Unidroit Convention on Substantive Rules for Intermediated Securities (2009).

Unidroit Convention on Substantive Rules for Intermediated Securities.

Securities--Europe.

Securities.

Intermediation (Finance)--Law and legislation--Europe.

Intermediation (Finance).

Physical Description:

1 online resource (xxxv, 406 pages) : digital, PDF file(s).

Edition:

1st ed.

Place of Publication:

Cambridge : Cambridge University Press, 2013.

Language Note:

English

Summary:

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.

Contents:

The Geneva Securities Convention : objectives, history, and guiding principles / Luc Thévenoz

Market needs as paradigm

breaking up the thinking on EU securities law / Philipp Paech

The proposed EU legislation on securities holding / Habib Motani

Rights of the account holder relating to securities credited to its securities account / Philippe Dupont

Rights of the investor / Pierre-Henri Conac

Transfer of intermediated securities / Luc Thévenoz

The truth about shortfall of intermediated securities

perspectives under the Geneva Securities Convention, United States law, and the future EU legislation / Charles W. Mooney, Jr.

The concept of integrity in securities holding systems / Hubert de Vauplane and Jean-Pierre Yon

Intermediated securities under Belgian law : assessing the impact of the Geneva Securities Convention on the regulatory environment / Michel Tison and Lientje Van den Steen

The Geneva Securities Convention, the future European legislation and their impact on French securities laws / Philippe Langlet

The Geneva Securities Convention, the future European legislation and their impact on German law / Ulrich Segna

The Geneva Securities Convention : a Spanish perspective / Francisco Garcimartm

The Geneva Securities Convention and the Swiss intermediated securities law reform / Hans Kuhn.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references and index.

ISBN:

1-139-88907-9

1-107-24143-X

1-107-25099-4

1-107-25016-1

1-107-24767-5

1-107-24850-7

1-139-15123-1

1-107-24933-3

OCLC:

858762285