Is Registration The Only Way To Perfect Jersey Security?

Under the Security Interests (Jersey) Law 2012 (the SIJL), registration is the preferred method of perfection, but is it the only one?

Registration is not the only method of perfection under the SIJL, but depending on the type of collateral being secured, it might be the only method available.

How to perfect a security interest under the SIJL

There are 4 methods of perfecting a security interest under the SIJL, and which one(s) to use depend on the type of collateral (the assets) that are being secured.

The general rule regarding perfection is a two step process:

1. The security interest has attached ("attached" has a special meaning under the SIJL); and
2. Any further steps required have been completed.