Published on December 27th, 2016 | by Maria Psarra0
HC: USA ratifies the 2006 Hague Securities Convention
On 15 December 2016, the United States of America (USA) deposited its Instrument of ratification of the Hague Convention of 5 July 2006 on the Law Applicable to Certain Rights in Respect of Securities held with an Intermediary (2006 Securities Convention). The USA had signed the Convention, together with Switzerland, 5 July 2006.
The deposit of the instrument of ratification of the 2006 Securities Convention by the USA is significant in that it will trigger the Convention’s entry into force, on 1 April 2017. The USA, Switzerland and Mauritius will then be bound by the Convention.