Section 30 Correction of the assignations record: procedureI1I2C1
Scotland
Where the Keeper corrects the assignations record by removing an entry from the assignations record, the Keeper must—
transfer the entry to the archive record,
note on the transferred entry—
the subsection of section 29 by virtue of which the transfer is made, and
the details of the correction (including the date and time of the removal), and
include in the archive record a copy of any document which discloses, or contributes to disclosing, the inaccuracy which is the subject of the correction.
Where the Keeper corrects the record by restoring an entry, by restoring, removing or amending information included in an entry or by restoring or replacing a copy document, the Keeper must—
note on the entry that it has been corrected and the details of the correction (including the date and time of the correction),
include in the archive record a copy of any document which discloses, or contributes to disclosing, the inaccuracy which is the subject of the correction, and
in the case of the replacement of the copy document, transfer the replaced copy to the archive record.
Having corrected the record, the Keeper must notify the following persons (in so far as it is reasonable and practicable to do so) that the correction has been made—
every person specified for the purposes of this subsection by RoA Rules, and
any other person who appears to the Keeper to be affected by it materially.
A failure to comply with subsection (1)(c), (2)(b) or (3) does not affect the validity of the correction of the record.
Annotations
Modifications
- C1
Pt. 1 extended (with modifications) (1.4.2025) by The Moveable Transactions (Scotland) Act 2023 (Financial Collateral Arrangements and Financial Instruments) (Consequential Provisions and Modifications) Order 2025 (S.I. 2025/275), arts. 1(2), 3 (with arts. 4, 20)
Commencement
- I1
S. 30 not in force at Royal Assent, see s. 121(2)
- I2
S. 30 in force at 1.4.2025 by S.S.I. 2024/378, reg. 2