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

25 Registration S

(1) On accepting an application made under section 23, the Keeper must—

(a) make up an entry for the assignation document (from the assignation document, the information provided in the application and the circumstances of registration),

(b) allocate a registration number to the entry (based on the order in which applications are dealt with), and

(c) maintain the entry in the assignations record.

(2) An assignation document is taken to be registered on the date and at the time entered for it for the purpose of section 21(1)(j).

Commencement Information

I1 S. 25 not in force at Royal Assent, see s. 121(2)

I2 S. 25 in force at 1.4.2025 by S.S.I. 2024/378, reg. 2