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2020 Volume 35
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RESEARCH ARTICLE   Open Access    

Regulatory changes for redesigned securities markets with distributed ledger technology

  • College of Law, Australian National University, Canberra, Australia e-mail: u6082768@anu.edu.au

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  • Abstract: Distributed ledger technology (DLT) is regarded as a revolutionary solution that offers immutability, transparency, trust, and efficiency while ‘transcending law and regulation’. One of the potential applications of DLT is in the securities market. Share registration, settlement, regulatory compliance, information disclosure, payment systems, and market service requirements can be redesigned with the use of DLT. This paper will examine the impact that such changes will have on legal theories and governance, while also discussing the effects on enforcement techniques. In addition, general blockchain-legal issues will be critically analyzed in the context of securities markets.
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  • Cite this article

    Muthukkumarasamy Thuvarakan. 2020. Regulatory changes for redesigned securities markets with distributed ledger technology. The Knowledge Engineering Review 35(1), doi: 10.1017/S0269888920000223
    Muthukkumarasamy Thuvarakan. 2020. Regulatory changes for redesigned securities markets with distributed ledger technology. The Knowledge Engineering Review 35(1), doi: 10.1017/S0269888920000223
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RESEARCH ARTICLE   Open Access    

Regulatory changes for redesigned securities markets with distributed ledger technology

  • College of Law, Australian National University, Canberra, Australia e-mail: u6082768@anu.edu.au

  • Received: 15 June 2019
  • Revised: 04 March 2020
  • Accepted: 06 March 2020
  • Published online: 31 March 2020
The Knowledge Engineering Review  35,  2020, 35(1)  |  Cite this article

Abstract: Abstract: Distributed ledger technology (DLT) is regarded as a revolutionary solution that offers immutability, transparency, trust, and efficiency while ‘transcending law and regulation’. One of the potential applications of DLT is in the securities market. Share registration, settlement, regulatory compliance, information disclosure, payment systems, and market service requirements can be redesigned with the use of DLT. This paper will examine the impact that such changes will have on legal theories and governance, while also discussing the effects on enforcement techniques. In addition, general blockchain-legal issues will be critically analyzed in the context of securities markets.

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    Muthukkumarasamy Thuvarakan. 2020. Regulatory changes for redesigned securities markets with distributed ledger technology. The Knowledge Engineering Review 35(1), doi: 10.1017/S0269888920000223
    Muthukkumarasamy Thuvarakan. 2020. Regulatory changes for redesigned securities markets with distributed ledger technology. The Knowledge Engineering Review 35(1), doi: 10.1017/S0269888920000223
    shu

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