Electronic Securities Register Ordinance – eWpRV

Introduction

The Electronic Securities Register Regulation (eWpRV) is an important regulation in Germany that governs the administration of electronic securities registers. It supplements the Electronic Securities Act (eWpG) and sets out specific requirements and standards for the maintenance of electronic securities registers.

What is the eWpRV?

The eWpRV is an ordinance that regulates the organizational and technical requirements for maintaining electronic securities registers in Germany. It establishes the standards that must be met by registry keepers to ensure the integrity, availability, authenticity and confidentiality of the data contained in electronic securities registries.

Main objectives of the eWpRV

1. Security and integrity of the registers: the eWpRV aims to ensure the security and integrity of electronic securities registers by imposing clear requirements on register keepers.
2. Transparency and trust: By setting standards for the maintenance of electronic securities registers, the aim is to increase investor and public confidence in these registers.
3. Efficient administration: The eWpRV is intended to help increase the efficiency of the administration of electronic securities registers by setting clear and practicable requirements and standards.

Main features of the eWpRV

• Technical and organizational requirements: The eWpRV sets out technical and organizational requirements for the maintenance of electronic securities registers, including data security and data protection requirements.
• Recordkeeping and Retention Requirements: Registrars must keep certain records and retain them for a specified period of time.
• Monitoring and compliance: The eWpRV contains provisions for monitoring compliance with the regulation by registry administrators and specifies sanctions for violations.
• Interoperability: The Regulation contains provisions to promote the interoperability of electronic securities registers with other systems and registers.

Conclusion

The eWpRV is an essential part of the legal framework for electronic securities in Germany. It helps to ensure the security and integrity of electronic securities registries and to enhance investor and public confidence in them.