# The Moveable Transactions (Scotland) Act 2023 (Financial Collateral Arrangements and Financial Instruments) (Consequential Provisions and Modifications) Order 2025, Article 6: Competence of individual acting as provider of statutory pledge over financial instrument


(1) It is competent for an individual to act as a provider of a statutory pledge over a financial instrument.
(2) Section 46 of the Act (competence of individual acting as provider of a statutory pledge) does not apply to an individual acting as a provider of a statutory pledge over a financial instrument.

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Source: https://www.legislation.gov.uk/uksi/2025/275/article/6 (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-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.