ABSTRACT
Introduction The use of securities1 as collateral in the financial markets may constitute one of the most economically important applications of personal property security law. London is the centre of the international financial markets. A significant proportion of securities collateral arrangements in these markets are made by companies registered in England and Wales, and/or in respect of UK collateral, and/or using documentation governed by English law. For these reasons, the proposed reform of UK law relating to company security interests is highly significant for the European financial markets.2
