No,912817 Cap" 14:35 Movrgr-g PRopERry Srcunrry lxrsRxsrs (6) Nothing in this Act affects the rights and obligations of the debtor and the sesurcd creditor under any law relating to consumer trxotection. (7) Nothing in this Act ovenides a provision of any other law tlrat limits ttre creation or enforcement of a security interest in, or the transfenbility of, specific types of asset. 4 Eetabliehrnent of Gollateral Reglstry (l) fs There is hereby established a Collateral Regletry u'ithin ttre Reserve Bank the purposs of thisAct. (2) The Regrstry consists of the officers, inspectors and employees Reserve Bank rcferred to in section 46 of the Banking Act fChapter 24:201. of the (3) There shall be a Registrar of the Collateral Reglsty who shall be appointed by the Governor of the Reserve Bank. (4) The Regisuar may, with approval of the Governor of the Reserve Bank, delegate to any person referred to in subsection (2) any firnctions conferred upon him or her by this Act, otber than such power of &legation. 5 Purposeand tunctlons of Registry (l) The fnrrpos€ of the Registry is to facilitate coilunerce, industry and other socio+comrnic activities byenablingidividruls andbrsiness€sto utilise thpirmovable property as collateral forcredit. (2) Accordingly the functions of the Registry (a) are- to enable security interests over movable prorperty o be perfected by receiving and storing registered notices wittr respect to security interests; and (b) !o amend or cancel the registered notices of security interesg in movable property; ard (c) to make accessible to the public info'rmation in rcgistered notices with rcspect to security interests; ard (d) to rraintain a database (i) of- rclevant inforrnation on debtors and secured creditors identified in registered notices; and (ii) relevant information on any movable property subject to registered notices of security interests. I negfgftation d ndlcc s'ith r€sp6:t to movabb Conditions for the registration of a notice shnll be as specified in the First Schedule. 7 ptop€rty security Intercets of a smurity interest in the Registry Legal rcglme pertdnlng to perf€cted movable prcperty security intffits The Second Schedule applic to the legal regime pertaining to registered notices ofsecuriry interests. I Enforcenrentof r"gister€d notic€s rdding to s€cudty intereets (t) Every registeied notice of a security intorest is deemed to be a liquid document enforceable by way of provisional sentence proceedings. 152