# Registered Designs Act 1949, Paragraph 7: Security interests in protected ... international registered designs (EU)


(1) This paragraph applies where immediately before IP 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”).
(2) 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).
(3) 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.
(4) 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.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/12-13-14/88/schedule/1B/paragraph/7 (the official version)
Page: https://openlegislation.uk/registered-designs-act-1949/schedule-1B/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.