Modernizing Securities Ownership, Transfer and Pledging Laws

The Capital Markets Forum is pleased to present its sixth discussion paper. It is written by Randall Guynn and is an essay on the need for international harmonization of modernised national securities ownership, transfer and pledging laws. It has rarely happened before that even prior to its publication a discussion paper of the Forum has found such significant attention in the financial press and has been so eagerly awaited as this paper. The Financial Times of November 21, 1995 carried an extensive interview of Mr. Guynn on the Position Statement regarding the subject of this paper issued by the Ad Hoc Committee acting under the auspices of the Capital Markets Forum and described below, and the Forum has received many indications of interest in the paper from central bankers, regulators, financial institutions and others.