The Moveable Transactions (Scotland) Act 2023 (Financial Collateral Arrangements and Financial Instruments) (Consequential Provisions and Modifications) Order 2025
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
2 Interpretation
In this Order— “the Act” means the Moveable Transactions (Scotland) Act 2023; “amendment document” has the meaning given by section 113(1) of the Act; “assignation document” has the meaning given by section 41(1) of the Act; “claim” has the meaning given by section 41(1) of the Act; “collateral-taker”, “financial collateral arrangement”, “financial collateral”, “financial instruments”, “security financial collateral arrangement” and “title transfer financial collateral arrangement”, and references to control or possession of financial collateral or a financial instrument, are to be construed in accordance with regulation 3 of the Financial Collateral Arrangements (No. 2) Regulations 2003; “constitutive document” is to be construed in accordance with section 45 of the Act; “encumbered property” has the meaning given by section 113(1) of the Act; “pledge enforcement notice” has the meaning given by section 113(1) of the Act; “provider” has the meaning given by section 113(1) of the Act; “right in security” has the meaning given by section 113(1) of the Act; “secured creditor” has the meaning given by section 113(1) of the Act; “statutory pledge” has the meaning given by section 113(1) of the Act; “unregistered statutory pledge” means a pledge created under article 7(2) of this Order which has not been registered under section 48 or 49 of the Act.
2 Interpretation
In this Order— “the Act” means the Moveable Transactions (Scotland) Act 2023; “amendment document” has the meaning given by section 113(1) of the Act; “assignation document” has the meaning given by section 41(1) of the Act; “claim” has the meaning given by section 41(1) of the Act; “collateral-taker”, “financial collateral arrangement”, “financial collateral”, “financial instruments”, “security financial collateral arrangement” and “title transfer financial collateral arrangement”, and references to control or possession of financial collateral or a financial instrument, are to be construed in accordance with regulation 3 of the Financial Collateral Arrangements (No. 2) Regulations 2003; “constitutive document” is to be construed in accordance with section 45 of the Act; “encumbered property” has the meaning given by section 113(1) of the Act; “pledge enforcement notice” has the meaning given by section 113(1) of the Act; “provider” has the meaning given by section 113(1) of the Act; “right in security” has the meaning given by section 113(1) of the Act; “secured creditor” has the meaning given by section 113(1) of the Act; “statutory pledge” has the meaning given by section 113(1) of the Act; “unregistered statutory pledge” means a pledge created under article 7(2) of this Order which has not been registered under section 48 or 49 of the Act.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
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Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.