# Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 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 (Text with EEA relevance), Article 3: Book-entry form

Extent: E+W+S+N.I.

1. Without prejudice to paragraph 2, any issuer established in the Union that issues or has issued transferable securities which are admitted to trading or traded on trading venues, shall arrange for such securities to be represented in book-entry form as immobilisation or subsequent to a direct issuance in dematerialised form.
2. Where a transaction in transferable securities takes place on a UK trading venue the relevant securities shall be recorded in book-entry form in a CSD or third-country CSD on or before the intended settlement date, unless they have already been so recorded.
Where transferable securities are transferred following a financial collateral arrangement ..., those securities shall be recorded in book-entry form in a CSD or third-country CSD on or before the intended settlement date, unless they have already been so recorded.

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Source: https://www.legislation.gov.uk/eur/2014/909/article/3 (the official version)
Page: https://openlegislation.uk/eu-regulation-2014-909/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.