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New Security Registration Regime

On 6th April 2013 a new registration regime for security interests created by companies and LLPs registered in the UK came into force.

The new regime applies to all charges with certain limited exceptions rather than specified categories of charges as under the current regime. Rent deposits are excluded.

Amongst the changes are the introduction of a system for electronic filing, new forms and a requirement for a certified copy of the signed security document to be submitted with particulars rather than the original, as at present. This copy will be available on the public register although certain limited information can be removed before publication.

For further information, contact Nigel Cook, either by telephone on 01306 502294 or by email n.cook@downslaw.co.uk