Article 63 - The Register
(1) There is to be a register of financing statements established and maintained by the
(2) Subject to the
Security Regulations, these Regulations and any rules made by the QFC Authority, the filing of a financing statement is effective for the purposes of perfecting a Security Interest and determining priority.
(3) The filing of a financing statement does not create a presumption that the
Security Regulations applies to the transaction to which the filing relates.
QFC Authority may make rules in respect of any matter that facilitates the administration of this Part or furthers the purposes of this Part, including but not limited to rules which may:
(A) provide criteria for the effective filing of financing statements, amendments and other records and notifications required or permitted under this Part, including without limitation requirements as to their form, content and medium and the identification of the
Debtor, the Secured Party and the Collateral;
(B) provide for standard forms for use in filing financing statements, amendments and other records and notifications under Article 63(4)(A);
(C) provide for indexing, publication and licensing of financing statements, amendments and other records either individually or collectively;
(D) exclude or limit the liability of the
(E) prescribe fees payable for processing applications for filing and production of records under this Part.
|Inserted by QFCA RM2012-1 (as from 11th April 2012)|