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UNCITRAL guide on the implementation of a security rights registry

image of UNCITRAL guide on the implementation of a security rights registry
This publication (the Registry Guide) provides guidance to States with respect to the establishment and operation of a general security rights registry of the kind recommended in the UNCITRAL Legislative Guide on Secured Transactions (the Secured Transactions Guide). The Guide is a stand-alone text discussing the key issues that should be addressed in secured transactions law in line with the Secured Transactions Guide and in some detail all practical issues related to the establishment and operation of a general security rights registry. It also contains recommendations that suggest how all registry-related issues should be addressed in administrative registry regulations and examples of registry forms, intended to provide guidance to the registry system designers, the registry staff and the registry users.

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Access to registry services

The Secured Transactions Guide recommends that any person may register a notice of an existing or potential security right or search the public registry record (see Secured Transactions Guide, chap. IV, paras. 25-30 and rec. 54, subparas. (f) and (g)). Ensuring public access to registry services is in line with one of the key objectives of the Secured Transactions Guide, which is to enhance certainty and transparency with respect to security rights in movable assets (see Secured Transactions Guide, chap. IV, para. 25, and rec. 1, subpara. (f)). Because of its importance, this principle should be stated in the Regulation (see rec. 4 below).

English Spanish, French

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