60. In addition to the conditions set out in section 59, the hypothec must be a hypothec with delivery; delivery results from an entry in the book based system of the rights of the hypothecary creditor in the hypothecated security.
A hypothec may not charge all of a participant’s securities. A hypothec on all of a participant’s property or claims may not be set up against Épargne Placements Québec in relation to the participant’s securities.