Registers of Moveable Transactions launch

Registers of Moveable Transactions launch

The Register of Assignations (RoA) and the Register of Statutory Pledges (RSP) have launched.

RoA allows claims to payment to legally transfer in Scotland through registration of an assignation in that register.

RSP allows a fixed security over physical moveable property, intellectual property, or financial instruments to be created without first giving up ownership or possession by registering a statutory pledge in that register.

The Keeper of the Registers of Scotland is responsible for establishing and maintaining RoA and RSP. This includes making sure the information supplied is entered into the register according to The Moveable Transactions (Register of Assignations and Register of Statutory Pledges Rules) (Scotland) Regulations 2024.

Access guidance, services and more here.

Share icon
Share this article: