No.9f20I7
Mov*sm
Cap. 14:35
PnopERTy SscuRrry lx'rERnsrs
(2) The Collateral Regrstry must r€ject a search r€quest if no information is
entered in one ofthe fields designated forentering a search criterion.
(3) Except as provided in subparagraph (t) qr (2), the Collateral Registry may
not rcject the registration of a notice or a search reguest.
(4) If the registration of a notice or a search request is rejected, the Collateral
Registry must communicate the reason to the registrant or seccher without delay.
Information requircd in initial notice
ll. (l) An initial notice must contain the following information in the relevant
designated
field*
(a)
(b)
the identifier andaddress of the debtor in accordance with paragraph 13;
and
the identifier and address of the seured creditu or his or her representative
in accordance with pamgraph 13; and
(c)
(d)
(e)
a description
of the csllat€ral in accordance with paragraph
the period of effectiveness of the registration;
4;
and
ard
any other information as may be prescribed in regulations for statistical
purposes only.
(2) If there is more thanone debtororsecuredcredits,ttre requiredinforrration
must be entered separately for each dettor or secur€d crcdilc.
&btor idcntifier and name
12. (l) Where the debtor is a natrnal person, the debtor identifer is the unique
identification number as may be prescribed in regulations.
(2) Where the debrtor is a juristic person, the debtor identifier is the unique
identification nrnnber as rnay b prescribed in regulations.
(3) Where the debtor is a natural perron, the debtor name is the name as
it
appears in the relevant identity document.
(4) \ilhere tIre debtor is a juristic ptrson, the debtor name is the name that
appears in the most recent document or law that constitutes that juristic person.
S ec
ure d c re ditor i de ntifar
13. ( 1) lUbere the secured creditor is a natural penon, ths secued creditor identifier
u his or her representative as
relevant identity document as may be prescribed in regulations.
is the name of the sequred creditor
it
appears
in any
(2) Where the securedcreditorisajuristic persm, the securedcreditoridentifier
is the name of the secured creditor or its repnesentative that a;pears in the most recent
document or law that constitutes that juristic pennn.
D e s c r ip t ion of collate r aI
14.
(l)
The description of the collateral in a registered notice must confonn to
the requirements of paragraph 4.
(2) If the registered notice describes the collateral in a manner that exceeds
the description of that collateral in the security agreement, tlre security interest in the
referenced assets is deemed not to have been perfected.
(3) Reference to an asset in a registered notice does not imply orrepresent that
the debtorpresently has or in the future win have rights in the asset.
r60