The provisions of this Chapter have effect for securing the registration in Great Britain of charges on the property of a registered oversea company.

Section 395(2) and (3) (meaning of “charge” and “property”) have effect for the purposes of this Chapter.

A “registered oversea company”, in relation to England and Wales or Scotland, means an oversea company which has duly delivered documents to the registrar for that part of Great Britain under section 691 and has not subsequently given notice to him under section 696(4) that it has ceased to have an established place of business in that part.

References in this Chapter to the registrar shall be construed in accordance with section 703E below and references to registration, in relation to a charge, are to registration in the register kept by him under this Chapter.