نظام القيد والايداع المركزي في سوق الاوراق المالية وتطوره التشريعي: دراسة مقارنة

Abstract EN

The central filing and depository system does not aim to merely exercise the function of custodianship of securities, similar to the deposit contracts that link banks and other custodian institutions to their clients.

Banks and preservation institutions, and the consequent obstacles, difficulties and costs in order to preserve and care for these papers.

This system came to eliminate the tangible supports of securities and to replace them with book accounting entries, as the records kept by the competent authorities in the activity of registration and central depository will replace the records that were kept by the issuers of securities so that the records of the latter must match the records of the central depository.

As a result of this transformation, the physical entity tangible for this paper is cancelled, so the central deposit of the security with the competent authority leads to the demise of the physical entity and its transformation into a mere account entry.