Globally, there has been a shift from securities being held directly by an investor, to a situation in which many securities are held via an intermediary. The e

An overview of the latest developments in intermediated securities, via analysis of the Geneva Securities Convention and future EU legislation.

In today's financial markets, investors no longer hold securities physically. Instead, securities such as shares or bonds are mostly held through intermediaries

The global shift from the direct holding of securities by investors to the current intermediated holding system raises many important legal issues. These includ