22/12/2005 (Agence Europe) - The European Commission has been granted authority to open negotiations, on behalf of the EU, on part of a draft Convention aiming to make it easier to hold and transfer securities at a world-wide level. Negotiations will take place within the International Institute for the Unification of Private Law (UNIDROIT). On modern securities markets, securities are mostly held for others by intermediaries, for which purpose they operate securities accounts. These...