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Article 149.3 Protection of violated rights of rights holders

📅 Updated: 30.09.2026

1. The right holder from whose account the non-documentary securities have been wrongfully written off has the right to claim the same amount from the person against whom the securities have been credited. Non-documentary securities certifying only monetary claims as well as non-documentary securities acquired in organized tendering are independent A person who was not entitled to dispose of paperless securities may not be sought from a good-faith buyer if it has been acquired free of charge from a person who did not have the right to dispose of them. 2. If the non-documentary securities that the right holder is entitled to claim have been converted into other valuable booms, 3. The right holder has the right to claim those securities into which the securities written off from his account have been converted. Unfairly written off if it is possible to purchase the same securities in organized tenders of its choice, the right to demand from the persons liable to it The Panel recommends no award of compensation for these losses, for the purchase of the same securities by them or for the reimbursement of all expenses necessary for their acquisition.