UK Law Commission Embarks Upon Review of Intermediated Securities System
06/11/2019The Law Commission has been appointed to review potential legal issues with the U.K. intermediated securities system. Intermediated securities are shares and bonds held electronically through computerized credit entries. Following concerns around corporate governance, transparency and the certainty of legal redress for such securities, the Department for Business, Energy & Industrial Strategy appointed the Law Commission to produce a "scoping study" to assess the current state of the law and issues arising from intermediation.
The Law Commission will publish a call for evidence from interested stakeholders in summer 2019 to inform its scoping study, followed by a scoping report in summer 2020.
View the Law Commission's summary of the review.
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