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

24 Application for registration where claims assigned to different assignees S

(1) Where an assignation document assigns different claims to different assignees, each assignee may apply to the Keeper for registration of the document only in so far as it assigns a claim to that assignee (“the applicant”).

(2) A reference in this Part, in relation to an assignation document in respect of which such an application has been accepted by the Keeper, to—

(a) the registration of the document is a reference to the registration of the document in so far as it assigns a claim to the applicant,

(b) the assignee under the document is a reference to the applicant,

(c) a claim assigned by the document is a reference to a claim assigned by the document to the applicant.

Commencement Information

I1 S. 24 not in force at Royal Assent, see s. 121(2)

I2 S. 24 in force at 1.4.2025 by S.S.I. 2024/378, reg. 2