Monday 18 March 2013

UK: the new regime for the registration of company charges

The Companies Act 2006 (Amendment of Part 25) Regulations 2013 were made on 12 March and come into force on 6 April 2013. The Regulations bring about the introduction of a new regime for the registration of company charges. The provisions of Chapters 1 and 2 of Part 25 of the Companies Act 2006 are to be repealed and replaced by a new Chapter A1 of Part 25 which sets out a single scheme applying to companies irrespective of their place of registration in the UK. Further information is available in the accompanying explanatory memorandum available here (pdf).

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