The Moveable Transactions (Scotland) Act 2023 (Financial Collateral Arrangements and Financial Instruments) (Consequential Provisions and Modifications) Order 2025
This Order makes provision in consequence of the Moveable Transactions (Scotland) Act 2023 (asp 3) (“the Act”) in relation to—the assignation of claims as part of a financial collateral arrangement (pursuant to the Financial Collateral Arrangements (No. 2) Regulations 2003 (S.I. 2003/3226) (“the FCARs”));incorporeal moveable property in the form of financial instruments pursuant to the FCARs being capable of being used as collateral for a loan and therefore subject to a new form of security created under the Act called the statutory pledge.