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Regulatory changes for redesigned securities markets with distributed ledger technology

Part of: Distributed Ledger Technologies: Papers Arising from Three Australian Symposia

Published online by Cambridge University Press:  31 March 2020

Muthukkumarasamy Thuvarakan Open the ORCID record for Muthukkumarasamy Thuvarakan [Opens in a new window]
Muthukkumarasamy Thuvarakan*
Affiliation:
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.

Type
Research Article
Information
The Knowledge Engineering Review , Volume 35 , 2020 , e14
Copyright
© Cambridge University Press, 2020

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