The Moveable Transactions (Register of Assignations and Register of Statutory Pledges Rules) (Scotland) Regulations 2024

1. Introductory Text

2. 1. Citation and commencement

3. 2. Register of Assignations and Register of Statutory Pledges Rules

4. Signature

5. 1. SCHEDULE

      Register of Assignations and Register of Statutory Pledges Rules

      1. PART 1 Overview and Interpretation

         1. 1. Overview

         2. 2. Interpretation

      2. PART 2 Common Rules

         1. 3. Presumption in favour of digital registration

         2. 4. Time and date of registration

         3. 5. Online registration system access

         4. 6. Access to previous records

      3. PART 3 RoA Rules

         1. CHAPTER 1 Procedure in relation to applications for registration

            1. 7. Extent of Keeper’s duty to accept applications

            2. 8. Applicant certification of copies of assignation document

            3. 9. Verification statement

         2. CHAPTER 2 Form and content of information to be used in the RoA

            1. 10. Applications for registration

            2. 11. Content of RoA entries

         3. CHAPTER 3 Required information

            1. 12. Proper name of individual

            2. 13. Name of sole trader etc.

            3. 14. Name of non-natural person

            4. 15. Name, address and legal capacity of assignor or assignee when acting for another party

            5. 16. Unique identification number

            6. 17. Address of non-natural person

            7. 18. Description of claim

         4. CHAPTER 4 Searches, redactions, extracts and corrections

            1. 19. Redaction of information from searches, extracts, and copies of assignation documents

            2. 20. Corrections

      4. PART 4 RSP Rules

         1. CHAPTER 1 Procedure in relation to applications for registration

            1. 21. Extent of Keeper’s duty to accept applications

            2. 22. Applicant certification of copies of statutory pledge or amendment document

            3. 23. Applicant certification of competent individual and permitted asset

            4. 24. Verification statement

         2. CHAPTER 2 Form and content of information to be used in the RSP

            1. 25. Applications for registration

            2. 26. Content of RSP entries: required information

         3. CHAPTER 3 Required information

            1. 27. Proper name of individual

            2. 28. Name of sole trader etc.

            3. 29. Name of non-natural person

            4. 30. Name, address, date of birth and legal capacity of provider and secured creditor when acting for another party

            5. 31. Unique identification number

            6. 32. Address of non-natural person

            7. 33. Description of encumbered property

         4. CHAPTER 4 Redactions, searches and extracts

            1. 34. Redaction of information from searches, extracts and copies of constitutive and amendment documents

         5. CHAPTER 5 Corrections

            1. 35. Corrections: entries

            2. 36. Corrections: application by secured creditor

            3. 37. Corrections: demand for application for correction

            4. 38. Corrections: written statements and notifications

6. Explanatory Note