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08 July 2009

Draft commentary on the Convention on Substantive Rules on Intermediated Securities


The draft Official Commentary explains the substantive law provisions set out in Chapters I-VI of the draft Convention. 

The draft Official Commentary explains the substantive law provisions set out in Chapters I-VI of the draft Convention.

 The Commentary covers the following subjects:
 
  • Definitions, scope of application and interpretation
  • Rights of the account holder
  • Transfer of intermediated securities
  • Integrity of the intermediated holding system
  • Special provisions with respect to collateral transactions
  • Transitional provision
 
 




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