# The Moveable Transactions (Forms) (Scotland) Regulations 2024

S.S.I. 2024/379 · made 12 December 2024

These Regulations prescribe the forms to be used for the purposes of sections 65(1) and 98(1) of the Moveable Transactions (Scotland) Act 2023 (asp 3) (“the Act”).

Made under: Moveable Transactions (Scotland) Act 2023 (Section 65, Section 98, Section 118)

PDFs: Printed copy https://openlegislation.uk/moveable-transactions-forms-scotland-regulations-2024/pdf/ssi_20240379_en.pdf; Policy Note https://openlegislation.uk/moveable-transactions-forms-scotland-regulations-2024/pdf/ssipn_20240379_en_001.pdf

## Introductory text

Moveable Transactions
Made 12th December 2024
Laid before the Scottish Parliament 16th December 2024
Coming into force 1st April 2025
The Scottish Ministers make the following Regulations in exercise of the powers conferred by sections 65(1), 98(4)(a) and 118(1) of the Moveable Transactions (Scotland) Act 2023 and all other powers enabling them to do so.

## 1 Citation, commencement and interpretation

(1) These Regulations may be cited as the Moveable Transactions (Forms) (Scotland) Regulations 2024 and come into force on 1 April 2025.
(2) In these Regulations, “the Act” means the Moveable Transactions (Scotland) Act 2023.

## 2 Pledge enforcement notice

The form of a pledge enforcement notice under section 65(1) (pledge enforcement notice) of the Act is the form set out in Part 1 of the schedule.

## 3 Correction demand in respect of entry in statutory pledges record

The form of a correction demand under section 98(1) (demand that application for correction be made under section 96) of the Act is the form set out in Part 2 of the schedule.

## Signature

IVAN MCKEE
Authorised to sign by the Scottish Ministers
St Andrew’s House,
Edinburgh
12th December 2024

## 1 



## 2 



## Explanatory note

(This note is not part of the Regulations)
These Regulations prescribe the forms to be used for the purposes of sections 65(1) and 98(1) of the Moveable Transactions (Scotland) Act 2023 (asp 3) (“the Act”).
Regulation 2 prescribes the form a pledge enforcement notice must be in. Section 65(1) of the Act provides that a secured creditor must serve a pledge enforcement notice, in the prescribed form, on those persons noted in that section before taking any other steps to enforce the statutory pledge.
Regulation 3 prescribes the form a correction demand must be in. Section 98(1) of the Act provides that a person may serve a correction demand, in the prescribed form, on the registered creditor to demand they apply to the Keeper of the Register of Scotland to have a relevant entry in the Register of Statutory Pledges corrected.

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Source: https://www.legislation.gov.uk/ssi/2024/379 (the official version)
Page: https://openlegislation.uk/moveable-transactions-forms-scotland-regulations-2024
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.