Paragraph 7 Security interests in protected ... international registered designs (EU)F1F3
This paragraph applies where immediately before F2IP completion day a protected international registered design (EU) is the subject of an interest which has been granted as security and does not expire on IP completion day (a “relevant security interest”).
References to the protected international registered design (EU), or the international registration to which the protected international registered design (EU) is subject, in any document which grants or refers to the relevant security interest are to be read as including references to the re-registered international design which derives from the protected international registered design (EU).
Section 19 (registration of assignments, etc.) applies in relation to a relevant security interest as if it were a security interest granted in respect of the re-registered design deriving from the protected international registered design (EU) which is subject to the relevant security interest, subject to the following modification.
Section 19(5) does not apply to the interest until after the expiry of 12 months beginning with the day after that on which IP completion day falls.
Annotations
Textual amendments
- F1
Schs. 1A, 1B inserted (31.12.2020) by The Designs and International Trade Marks (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/638), reg. 1, Sch. 3 para. 3 (with Sch. 5 Pt. 1) (as amended by S.I. 2020/1050, regs. 1(2), 23); 2020 c. 1, Sch. 5 para. 1(1)
- F2
Words in Sch. 1B substituted in earlier amending provision S.I. 2019/638, Sch. 3 para. 3 (31.12.2020) by The Intellectual Property (Amendment etc.) (EU Exit) Regulations 2020 (S.I. 2020/1050), regs. 1(2), 21(d)(i)
- F3
Word in Sch. 1B para. 7 heading omitted in earlier amending provision S.I. 2019/638, Sch. 3 para. 3 (31.12.2020) by virtue of The Intellectual Property (Amendment etc.) (EU Exit) Regulations 2020 (S.I. 2020/1050), regs. 1(2), 21(d)(ii)