Guide on the implementation of a security rights registry.
viii, 160 pages ; 24 cm
United Nations publication sales no. E.14.V.6.
Bibliography, etc. Note
Includes bibliographical references and index.
Formatted Contents Note
Introduction.A.Purpose of the present guide and its relationship with the UNCITRAL Legislative Guide on Secured Transactions B.Terminology and interpretation C.Key objectives and fundamental policies of an efficient registry D. Overview of secured transactions law and the role of registration 1.General 2.Concept of a security right 3.Creation of a security right 4.Third-party effectiveness of a security right 5.Priority of a security right 6.Extended scope of the registry 7.Registration and enforcement of security rights 8.Conflict-of-laws considerations 9.Notice registration 10.Coordination with specialized movable property registries 11.Coordination with immovable property registries 12.International coordination among national security rights registries 13.Transitional considerations: applicability of a new Law to prior security rights 14.Legislative drafting considerations I.Establishment and functions of the security rights registry. A.General remarks 1.Establishment of the registry 2.Appointment of the registrar 3.Functions of the registry 4.Additional implementation considerations 5.Registry terms and conditions of use 6.Electronic or paper-based registry B.Recommendations 1-3 II.Access to registry services. A.General remarks 1.Public access 2.Operating days and hours of the registry 3.Access to registration services 4.Verification of registrant's identity, evidence of grantor authorization and scrutiny of the content of the notice not required 5.Access to search services B.Recommendations 4-10 III.Registration. A.General remarks 1.Time of effectiveness of the registration of a notice 2.Period of effectiveness of the registration of a notice 3.Time when a notice may be registered 4.Sufficiency of a single notice 5.Unique registration number to be assigned to initial notices 6.Grantor-based organization and retrieval of registered notices 7.Organization and retrieval of registered notices by serial number 8.Preserving the integrity and security of the registry record 9.Liability of the registry 10.Registry's duty to send a copy of the registered notice to the secured creditor 11.Secured creditor's duty to send a copy of the registered notice to the grantor 12.Amendment of information in the public registry record 13.Removal and archiving of information from the public registry record 14.Language of notices and search requests B.Recommendations 11-22 IV.Registration of initial notices. A.General remarks 1.Introduction 2.Grantor information 3.Secured creditor information 4.Description of encumbered assets 5.Period of effectiveness of the registration of a notice 6.Maximum amount for which the security right may be enforced 7.Effect of errors or omissions on the effectiveness of the registration of a notice B.Recommendations 23-29 V.Registration of amendment and cancellation notices. A.General remarks 1.Amendment notices 2.Cancellation notices 3.Effect of inadvertent expiration or cancellation of a registered notice 4.Effectiveness of amendment or cancellation notices not authorized by the secured creditor 5.Compulsory amendment or cancellation B. Recommendations 30-33 VI.Search criteria and search results. A.General remarks 1.Search criteria 2.Search results B.Recommendations 34 and 35 VII.Registration and search fees A.General remarks B.Recommendation 36 Annexes. I.Terminology and recommendations II.Examples of registry forms III.Decision of the United Nations Commission on International Trade Law and General Assembly resolution 68/108 A.Decision of the United Nations Commission on International Trade Law B.General Assembly resolution 68/108.
K1100 .U55 2014
Available in Other Form
Online version: UNCITRAL guide on the implementation of a security rights registry