德国电子证券法

IF 0.5 Q3 LAW
S. Omlor, Derwis Dilek
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引用次数: 0

摘要

2021年6月10日,《电子证券法》在德国生效,德国证券法实现了现代化和非物质化的伟大飞跃。在德国,首次可以在不需要有形证券证书的情况下以电子形式发行证券。随着两种新型(电子)证券的出现,德国(证券)法又增加了新的特点,这就提出了实质性的问题,例如电子证券的法律性质、发行和转让。通过启用电子证券登记,该法案还邀请新的参与者加入德国金融市场的生态系统,并修改现有参与者的角色。由于这些寄存器可以基于分布式账本技术(DLT),德国已经向创新技术开放。德国对现代技术的接受使其证券法处于该学科的前沿,可能为市场参与者创造新的机会,但也给他们以及监管机构和监管机构带来新的挑战。这篇文章解决了其中的一些问题,并概述了电子证券的法律框架。分布式账本技术、电子证券、电子证券法(德国)
本文章由计算机程序翻译,如有差异,请以英文原文为准。
German Electronic Securities Act
On 10 June 2021, the Electronic Securities Act came into force in Germany, with which a great leap towards the modernization and dematerialization of German securities law was made. For the first time in Germany, the issue of securities in electronic form is possible without the need for a tangible securities certificate. With the emergence of two new types of (electronic) securities, new features were added to German (securities) law, which raise substantial questions, for instance, about the legal nature, issuance, and transference of electronic securities. By enabling electronic securities registers, the act also invites new actors into the ecosystem of the German financial market and modifies the role of already existing actors. As these registers can be based on distributed ledger technology (DLT), Germany has opened up to innovative technologies. Germany’s embrace of modern technology brings its securities law to the cutting edge (forefront) of the discipline and may create new opportunities for market participants but also pose new challenges for them as well as the regulator and supervisory authorities. The article addresses some of these issues and provides an overview of the legal framework for electronic securities. distributed ledger technology, electronic securities, Electronic Securities Act (Germany)
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来源期刊
自引率
33.30%
发文量
23
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