n SA Mercantile Law Journal = SA Tydskrif vir Handelsreg - Aspects of the cross-listing of securities
|Article Title||Aspects of the cross-listing of securities|
|© Publisher:||Juta Law Publishing|
|Journal||SA Mercantile Law Journal = SA Tydskrif vir Handelsreg|
|Author||Kathleen Van Der Linde|
|Publication Date||Jan 2009|
|Pages||31 - 644|
|Keyword(s)||University of Johannesburg and University of Kwa-Zulu Natal|
The nature of securities and of securities transactions facilitates the flow of capital across borders and the development of an increasingly globalised securities market. Securities represent bundles of rights against a company and are thus intangible. The dematerialisation of securities not only eliminates paper-based evidence of the rights embodied in the securities but also results in the involvement of intermediaries who for practical reasons may hold securities as nominees on behalf of beneficial holders. Electronic share transactions on regulated markets as well as alternative Internet-based trading platforms add impetus to the integration of capital markets.
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