Article 10 Amendment of unregistered statutory pledge over financial instrument

An unregistered statutory pledge may be amended by means of an evidenced agreement between the collateral-taker and the provider (and see article 7(4)(a) in relation to the application of section 58(1) of the Act (amendment of statutory pledge) to such a pledge).

Where an unregistered statutory pledge is amended solely for the purposes of adding property to the encumbered property it may be so amended by means of an evidenced statement by or on behalf of the provider.