# The Moveable Transactions (Scotland) Act 2023 (Financial Collateral Arrangements and Financial Instruments) (Consequential Provisions and Modifications) Order 2025, Article 2: Interpretation


In this Order—
“the Act” means the Moveable Transactions (Scotland) Act 2023;
“amendment document” has the meaning given by section 113(1) of the Act;
“assignation document” has the meaning given by section 41(1) of the Act;
“claim” has the meaning given by section 41(1) of the Act;
“collateral-taker”, “financial collateral arrangement”, “financial collateral”, “financial instruments”, “security financial collateral arrangement” and “title transfer financial collateral arrangement”, and references to control or possession of financial collateral or a financial instrument, are to be construed in accordance with regulation 3 of the Financial Collateral Arrangements (No. 2) Regulations 2003;
“constitutive document” is to be construed in accordance with section 45 of the Act;
“encumbered property” has the meaning given by section 113(1) of the Act;
“pledge enforcement notice” has the meaning given by section 113(1) of the Act;
“provider” has the meaning given by section 113(1) of the Act;
“right in security” has the meaning given by section 113(1) of the Act;
“secured creditor” has the meaning given by section 113(1) of the Act;
“statutory pledge” has the meaning given by section 113(1) of the Act;
“unregistered statutory pledge” means a pledge created under article 7(2) of this Order which has not been registered under section 48 or 49 of the Act.

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Source: https://www.legislation.gov.uk/uksi/2025/275/article/2 (the official version)
Page: https://openlegislation.uk/moveable-transactions-scotland-act-2023-financial-collateral-arrangements-and-financial-instruments-consequential-provisions-and-modifications-order-2025/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.