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New "hat" for Swiss securities

July 2008 - Finance. Legal Developments by Walder Wyss Ltd.

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The Swiss Federal Council has drafted the new Federal Law on Book-Entry Securities (Bundesgesetz über Bucheffekten) (BEG). The BEG creates a new, more readily transferable type of securities and conforms the transfer of Swiss securities to current international standards. The first debates of the Swiss Parliament on the draft BEG are scheduled for November 2007. Earliest entry into force is expected to occur in 2009.
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