Security Interests In Investment Securities Under Jersey Law

This article examines the revolutionary changes to Jersey law on security interests in intangible movables made by the Security Interests (Jersey) Law 2012 (“SIJL 1”) so far as it affects security interests in directly held and intermediated investment securities. It notes that the Law, which places Jersey among the forefront of jurisdictions with a developed legal regime for security interests in intangibles, is the first in a two-stage process the second stage of which will be to extend the Law to tangible movables in SIJL 2, a revised draft of which is expected to be published later this year. It is envisaged that SIJL 2 will also provide a coherent new legal regime for intermediated securities