Security Regulations

QFC Security Regulations
Enactment Notice
Part 1:
Application, Commencement and Interpretation
Article 1 - Citation
Article 2 - Application
Article 3 - Commencement
Article 4 - Language
Article 5 - Interpretation
Article 6 - Scope of Regulations
Article 7 - Excluded Arrangements
Article 8 - Territorial Application
Part 2:
Effectiveness and Attachment of Security Interest
Article 9 - Effectiveness of Security Agreement
Article 10 - Attachment of Security Interest
Part 3:
Perfection
Article 11 - Perfection of Security Interest
Article 12 - Security interests perfected upon attachment
Article 13 - Perfection: possession
Article 14 - Perfection: Goods in possession of Bailee
Article 15 - Perfection by Control: Investment Property
Article 16 - Perfection by Control: Bank Accounts
Article 17 - Perfection: additional provisions
Article 18 - Perfection: Temporary Perfection
Article 19 - Perfection: Proceeds
Article 20 - Temporary perfection of Personal Property brought into the QFC
Article 21 - Goods returned or repossessed
Article 22 - Continuity of perfection
Part 4:
Taking Personal Property Free of Security Interests
Article 23 - Circumstances in which purchaser or lessee takes free of Security Interest
Part 5:
Priority
Article 24 - Default priority rules
Article 25 - Priority: Investment Property
Article 26 - Priority: Bank Accounts
Article 27 - Priority: Letter of credit rights
Article 28 - Priority: Purchase Money Security Interests
Article 29 - Priority: Security Interests in transferred Collateral
Article 30 - Priority: transferees of Money
Article 31 - Priority: creditor who receives payment of a debt
Article 32 - Priority: Purchaser of negotiable instrument
Article 33 - Priority: Holder of negotiable document of title
Article 34 - Priority: Assignee of Chattel Paper
Article 35 - Priority: Financial Collateral
Article 36 - Execution creditor has priority over unperfected Security Interestn
Article 37 - Priority: liens
Article 38 - Priority: Personal Property brought into the QFC
Article 39 - Priority: Goods returned or repossessed
Article 40 - Voluntary subordination
Part 6:
Rights and Remedies on Default
Article 41 - Application of this Part
Article 42 - Administrators
Article 43 - Rights and remedies
Article 44 - Collection rights of Secured Party
Article 45 - Possession rights of Secured Party
Article 46 - Disposal rights of Secured Party
Article 47 - Acceptance rights of Secured Party
Article 48 - Requirement to give notice
Article 49 - Distribution of surplus
Article 50 - Deficiency
Article 51 - Redemption
Article 52 - Applications to the QFC Court
Article 53 - Enforcement rights in respect of Financial Collateral
Part 7:
Supplementary Provisions
Article 54 - Knowledge
Article 55 - Preservation and use of Collateral
Article 56 - Request for information from Secured Party
Article 57 - Entitlement to damages for breach of obligations
Article 58 - Alienation of rights of Debtor
Article 59 - Rights of assignees
Part 8:
Interpretation and Definitions
Article 60 - Interpretation
Article 61 - Definitions
Schedule 1:
Order of Priority for Distribution of Surplus