Draft commentary on the Convention on Substantive Rules on Intermediated Securities
08 July 2009
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
