1.01 Securities were formerly held in the form of certificates issued directly to the investor. Over time, the holding of securities through intermediaries became a general practice, at least for securities intended to be sold and traded on capital markets. In a simple case, the intermediary is registered in the books of the issuer as security holder and maintains for the investor an account into which the securities are credited; a certificate may, or may not, have been issued by the issuer to the intermediary but the investor itself holds no certificate. 1.02...
Users without a subscription are not able to see the full
to access all content.