Current Discussion on the Legal System regarding "Uncertificated Securities"

Atsuto Suzuki
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Atsuto Suzuki: Bank of Japan

No 15-E-6, Bank of Japan Research Laboratory Series from Bank of Japan

Abstract: Though paper-based securities have been widely used, in order to avoid costs of storage and transportation -- and risks of theft and loss -- associated with the delivery of paper-based securities, recent years have seen development of the legal system in Japan with respect to rights in securities based on electronic records. In tandem with this development, legal theory based on paper-based securities has had to be reviewed and modified. By reference to approaches taken in foreign countries, in Japan it will be important to continue discussing judicial reasoning and legislation regarding rights in securities based on electronic records. This article is based principally on the Reports of Workshops (see References) in which the Institute for Monetary and Economic Studies at the Bank of Japan served as the secretariat.

Keywords: Book-Entry Transfer Securities; Customer Protection; Legal Theory (search for similar items in EconPapers)
JEL-codes: G21 G24 G33 K22 (search for similar items in EconPapers)
Date: 2015-11-10
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