eWpG

The law for the introduction of electronic securities establishes the basis for the issuance of electronic securities without the need for physical certificates as central register or cryptocurrency securities. This law makes a significant contribution to the digitization of securities law and its forward-looking opening to new technologies. The civil law innovations are accompanied by adjustments in stock exchange, prospectus, custody, bond, supervisory, and investment law. The commentary covers the entire eWpG, including references to the eWpRV and KryptoFAV. The work highlights the relevant practical connections and explains the legal innovations in BörsZulV, WpPG, DepotG, SchVG, KWG, FinDAG, and KAGB in separate appendices. Special attention is given to the technological aspects of the dematerialization of securities. The commentators are renowned experts from universities, financial sector companies, and leading law firms who contribute their expertise to the digital future of the German financial market. The commentary provides legal professionals with all the necessary explanations for the practical handling of electronic securities.