The legal underpinning of iSHARE Trust Framework consists of a contract between all iSHARE participants and the iSHARE Scheme Owner (the so-called Accession Agreement). This contract can be signed with the Satellite instead. Based on this one contract with the Scheme Owner or Satellite, all participants are bound to the common iSHARE terms of use and can appeal to each other to abide by these rules (in legal terms this is called perfection (Dutch: derdenwerking)).
Two main documents make up iSHARE's legal provisions:
For the details of the Accession Agreements, the full version of the Terms of Use and the information available on legal context, please refer to the detailed Legal descriptions.
Within the iSHARE network, it is possible to explicitly provide instructions on how a service may be consumed or under which conditions data is exchanged. These instructions or conditions are called 'licenses'. Licenses are a crucial part of the iSHARE Trust Framework, because they provide its participants the possibility to clearly state what is and what is not allowed. Since all participants are bound to the same contract and underlying Trust Framework rules, participants can appeal to each other to follow the provided licenses. Please refer to the iSHARE Terms of Use for a detailed legal explanation.