The electronic settlement of US Regulation S, Category 3 securities trading on the London Stock Exchange | Practical Law

The electronic settlement of US Regulation S, Category 3 securities trading on the London Stock Exchange | Practical Law

This article describes the new procedures that allow equity securities sold under Regulation S Category 3 (namely, securities sold outside the US by issuers with a substantial US following) to settle electronically on the London Stock Exchange as required by the EU Regulation on Central Securities Depositories and in compliance with US securities law.

The electronic settlement of US Regulation S, Category 3 securities trading on the London Stock Exchange

by Daniel K. Winterfeldt, Jennifer Poon, Trish O'Donnell, Jennifer Pence, Reed Smith LLP and Edward Bibko, Baker & McKenzie LLP
Law stated as at 23 Sep 2015 • European Union, United Kingdom, USA (National/Federal)
This article describes the new procedures that allow equity securities sold under Regulation S Category 3 (namely, securities sold outside the US by issuers with a substantial US following) to settle electronically on the London Stock Exchange as required by the EU Regulation on Central Securities Depositories and in compliance with US securities law.