Michel Tison

Competing for Legal Certainty: The Regime of Dematerialised Securities in Belgian Law

WP 2005-06

The legal framework for account based and dematerialised securities in Belgian law has undergone numerous modifications over the last years. The purpose of this short paper is to highlight the main features of the legal regime for all subcategories of dematerialised and account based securities. The analysis illustrates that promoting legal certainty as concerns the rights attached to the securities, transfers and security interest on securities is critical for maintaining confidence in the system and, hence, attracting custody and settlement business.