The Revision of Canadian Law on Securities Holdings Through Intermediaries: Who, What, When, Where, How and Why?

Abstract

I'm delighted to have the opportunity to comment on the legislation that has recently been adopted in Ontario and Alberta to revise Canadian law in a fashion consistent with the changes that were made in U.S. law by Revised Article 8 of the Uniform Commercial Code (ucc).' I will concentrate on some of the new terminology and concepts used in the Securities Transfer Act (STA 2 and related revisions of the Personal Property Security Act (PPSA).

The old newspaper device of "who, what, when, where, how, why" provides a useful tool for a survey of the approach taken by the new STA to the commercial law of the modern indirect holding system.