Transitional Date for Collateral Registry is set for November 29th 2023 Report
- 03:49
- September 25th 2023
A commencement date has been set for the migration of existing security interests held by financial institutions to the new Security Interest in Movable Properties Registry. The registry will support the Security Interest in Movable Properties Act, passed by Parliament in November 2022 geared at increasing access to finance for Medium, Small, and Micro Enterprises by using their movable assets such as vehicles, equipment, and inventory, as collateral.
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