Monday 24 June 2019

UK: England and Wales: Law Commission project on intermediated securities system

The Law Commission for England and Wales has announced the start of a project concerning intermediated securities: see here. The Commission states in its announcement that "concerns have been raised about the effect of a system of intermediation on corporate governance and transparency, whilst there is uncertainty over what legal redress is available to investors, if issues with their securities arise". The project is being undertaken at the request of the Department for Business, Energy and Industrial Strategy. A call for evidence will be published in the summer and a scoping study is expected in summer 2020.

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