Law On Dematerialised Securities Enters Into Force

Introduction

The law of 6 April 2013 on dematerialised securities entered into force on 19 April 2013. It introduces a legal regime for dematerialised securities, inspired by existing regimes in Belgium, Switzerland and France. The law amends:

• the law of 5 April 1993 on the financial sector (the Financial Sector Act)
• the law of 10 August 1915 on commercial companies (the Companies Act);
• the law of 1 August 2001 on the circulation of securities and other fungible instruments (the Securities Circulation Act);
• the law of 3 September 1996 on the involuntary dispossession of bearer securities;
• the laws of 20 December 2002 and 17 December 2010 on undertakings for collective investment;