Hague Convention on the law applicable to certain rights in respect of securities held with an intermediary

The Hague Convention on the law applicable to certain rights in respect of securities held with an intermediary is an international multilateral treaty intended to remove, at a global scale, legal uncertainties for cross-border securities transactions. The final text of the convention was agreed in 2002 and signed by the first countries (the USA and Switzerland) in 2006.

In 2003 the European Commission submitted a proposal for a Council decision concerning the signing of the convention, but this proposal was later withdrawn.

• 25.03.2009 – European Commission withdraws proposal for a Council Decision concerning the signing of the Hague Securities Convention
• 14.12.2006 – European Parliament adopts a resolution on the implications of signing the Hague Securities
• 05.07.2006 – Commission services conduct a Legal assessment of certain aspects of the Hague Securities Convention
• 17.03.2005 – European Central Bank adopts an opinion on the proposal for a Council decision concerning the signing of the Hague Securities Convention
• 15.12.2003 – European Commission proposes that the Community sign the Hague Securities Convention