IX. — 3:204 Control over financial assets

Geldend

Documentgegevens:

Geldend vanaf 01-01-2009

Redactionele toelichting: De dag van de datum van afkondiging is gezet op 01. De datum van inwerkingtreding is de datum van afkondiging.
Bronpublicatie:: 01-01-2009, Internet 2009, ec.europa.eu (uitgifte: 01-01-2009, kamerstukken/regelingnummer: -)
Inwerkingtreding: 01-01-2009
Bronpublicatie inwerkingtreding:: 01-01-2009, Internet 2009, ec.europa.eu (uitgifte: 01-01-2009, kamerstukken/regelingnummer: -)
Vakgebied(en): Civiel recht algemeen (V)
EU-recht / Bijzondere onderwerpen
Internationaal privaatrecht / Algemeen

(1)

Security rights can be made effective by the secured creditor exercising control over:

(a): financial assets which are entered into book accounts held by a financial institution (intermediated financial assets); and
(b): non-intermediated financial instruments registered in a register maintained by or for the issuer or which under national law is determinative of title.

(2)

The secured creditor exercises control over the assets mentioned in paragraph (1)(a), if:

(a): the secured creditor with the assent of the security provider has instructed the financial institution administering the book account not to admit dispositions by the security provider without the secured creditor's consent;
(b): the assets are held by the financial institution for the secured creditor in a special account; or
(c): the financial institution is the secured creditor.

(3)

The preceding paragraph applies with appropriate adaptations to the exercise of control by the secured creditor over the assets mentioned in paragraph (1)(b).

(4)

The satisfaction of the requirements of paragraphs (2) and (3) must be evidenced in writing or recording by electronic means or any other durable medium.