Moveable Transactions (Scotland) Act 2023 (asp 3)

Part 1 S Assignation

Modifications etc. (not altering text)

C1 Pt. 1 extended (with modifications) (1.4.2025) by The Moveable Transactions (Scotland) Act 2023 (Financial Collateral Arrangements and Financial Instruments) (Consequential Provisions and Modifications) Order 2025 (S.I. 2025/275), arts. 1(2), 3 (with arts. 4, 20)

Chapter 2 S Register of Assignations

Registration process S

23 Application for registration S

(1) An assignee may apply to the Keeper for registration of an assignation document.

(2) The Keeper must deal with applications in the order in which they are received.

(3) The Keeper must accept the application if—

(a) it is submitted with a copy of the assignation document,

(b) it contains all the information the Keeper requires in accordance with section 21 to be able to make up an entry for the assignation document under section 25(1),

(c) it conforms to such RoA Rules as relate to the application, and

(d) either—

(i) such fee as is payable for the registration is paid, or

(ii) arrangements satisfactory to the Keeper are made for payment of that fee.

(4) If the requirements of subsection (3) are not satisfied, the Keeper must reject the application and inform the applicant accordingly.

Commencement Information

I1 S. 23 not in force at Royal Assent, see s. 121(2)

I2 S. 23 in force at 1.4.2025 by S.S.I. 2024/378, reg. 2