The Commission services have launched a public consultation to seek stakeholders' views on the harmonisation of the legal framework for securities holding and transactions.
Following a request by the Economic and Financial Affairs (ECOFIN) Council, the Commission will come forward with a legislative proposal before summer 2011 to increase legal certainty and efficiency of securities holding and improve protection of investors' rights, as well as address some other related aspects. A first consultation in 2009, based on a questionnaire, helped the Commission to draw a map of the existing legal practices and obstacles encountered by the market for cross-border transfers of securities. The second consultation now contains a list of principles that the Commission.
Deadline for comments is 1 January 2011
© European Commission
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article