TRANSNATIONAL SECURITIES LAW. Ed Thomas Keijser Oxford: Oxford University Press (www.oup.com), 2014. xxxiii+334 pp. ISBN 978019967786. £155.

Author
DOI10.3366/elr.2015.0315
Published date01 September 2015
Date01 September 2015
Pages442-443

This is a collection of essays written by academics, regulators and practitioners on the effect that holding securities through an intermediary has on the exercise of the ownership, pledge, and disposition of investment securities. In the light of the rise in the volumes of cross-border transactions in financial instruments, this book discusses in particular the operational changes in post-trading arrangements, critically engaging with the policy debate on the respective rights of market participants in intermediated holding systems and the legislative initiatives aimed at modernising and harmonising this area of law.

While the fundamental ambition of the book, as set out in the preface, is to analyse the 2002 Hague...

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