# The Moveable Transactions (Scotland) Act 2023 (Financial Collateral Arrangements and Financial Instruments) (Consequential Provisions and Modifications) Order 2025, Article 5: Competence of creating statutory pledge over financial instrument


(1) It is competent to create a statutory pledge over a financial instrument.
(2) It is also competent to create a pledge over a financial instrument in accordance with article 7; and a pledge so created is to be treated for all purposes as a statutory pledge.
(3) Part 2 of the Act (security over moveable property) applies to a pledge created by virtue of this article subject to articles 6 to 19.

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Source: https://www.legislation.gov.uk/uksi/2025/275/article/5 (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-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.