Registration of security created under Scots law
Produced in partnership with Addleshaw Goddard
Registration of security created under Scots law

The following Banking & Finance practice note produced in partnership with Addleshaw Goddard provides comprehensive and up to date legal information covering:

  • Registration of security created under Scots law
  • Registrable charges
  • Companies House Form MR01
  • Date of creation
  • General guidance
  • Floating charges
  • Scots law pledges
  • Standard securities
  • Securities over bank accounts
  • Assignations
  • More...

STOP PRESS—Coronavirus (COVID-19) and registration of charges at Companies House: The content of this Practice Note is affected by the Companies etc (Filing Requirements) (Temporary Modifications) Regulations 2020, SI 2020/645 (the Regulations), which temporarily extend some deadlines for filing documents or notices with Companies House. In so far as it may affect the content below, the Regulations:

  1. extend the period for filing charges under section 859A of Companies Act 2006 (CA 2006) from 21 days to 31 days beginning with the day after the date of creation of the charge—Companies House guidance issued on 1 July 2020 states that this applies to charges created on or after 6 June 2020

  2. extend the period for registration of instruments of alteration of floating charges granted by Scottish companies under section 466 of the Companies Act 1985, and

  3. increase to 42 days the period for notification of the place where copies of instruments creating charges are kept under CA 2006, s 859Q

The temporary extension does not apply to periods for registration extended by an order of the court under CA 2006, s 859F.

The Regulations came into force on 27 June 2020 and expire on 5 April 2021.

This Practice Note looks at the law on the registration of security created on or after 6 April 2013 by a company or limited liability partnership (LLP) registered in Scotland. The

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