There are currently no known outstanding effects for the Moveable Transactions (Scotland) Act 2023, Section 97.
(1)On accepting an application made under section 96, the Keeper must correct the entry in the statutory pledges record accordingly.
(2)After the correction of an entry under subsection (1), the Keeper must issue a written statement verifying the correction to—
(a)the applicant, and
(b)the provider,
but only if and to the extent that the application contains an email address for those persons.
(3)That statement must—
(a)include—
(i)the date and time of the correction, and
(ii)the registration number allocated to the entry to which the correction relates, and
(b)conform to such RSP Rules as relate to the statement.
(4)Where a statement is issued under subsection (2) and is received by the applicant but not the provider, the provider may request a copy of it from the applicant.
(5)Within 21 days beginning with the day a request is made under subsection (4), the applicant must supply the provider with the copy requested.
Modifications etc. (not altering text)
C1Pt. 2 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), 5 (with arts. 6-20)
Commencement Information
I1S. 97 not in force at Royal Assent, see s. 121(2)
I2S. 97 in force at 1.4.2025 by S.S.I. 2024/378, reg. 2
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