Amendments to SEB Securities Account Terms and conditions
Amendments to the provisions of the SEB Terms and conditions of Securities Account agreement will come into force on 1 February 2022. Amendments are related with changes in the European Union Regulation No 909/2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012.
Terms and conditions of Securities account agreement are now supplemented with:
- procedure under which partial settlements for securities transactions are permitted;
- procedure regulating penalties and compensations recovery arising from late settlement of securities transactions within central securities depositories;
- amended 9.11. paragraph on the procedure of order execution in the event of reorganization of investment funds.
