Moveable Transactions (Scotland) Act 2023

26 Verification statement S

(1) After the registration of an assignation document under section 25, the Keeper must issue a written statement verifying the registration to—

(a) the assignor, and

(b) the assignee,

but only if and to the extent that the application made under section 23 contains an email address for those persons.

(2) That statement must—

(a) include—

(i) the date and time of the registration, and

(ii) the registration number allocated to the entry made up for the assignation document, and

(b) conform to such RoA Rules as relate to the statement.

(3) Where a statement is issued under subsection (1) and is received by the assignee but not the assignor, the assignor may request a copy of it from the assignee.

(4) Within 21 days beginning with the day a request is made under subsection (3), the assignee must supply the assignor with the copy requested.

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)

Commencement Information

I1 S. 26 not in force at Royal Assent, see s. 121(2)

I2 S. 26 in force at 1.4.2025 by S.S.I. 2024/378, reg. 2