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ARTICLE · 04 APRIL 2025

Moveable Transactions (Scotland) Act Goes Live Today

Shepherd and Wedderburn
Shepherd and Wedderburn
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Shepherd and Wedderburn

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An overview of the key changes from the Moveable Transactions (Scotland) Act coming into force today, 1 April 2025.

United KingdomFinance and Banking

An overview of the key changes from the Moveable Transactions (Scotland) Act coming into force today, 1 April 2025.

Are you MTA Ready?

Today (1 April 2025) sees the biggest change to commercial law in Scotland in a generation, with the Moveable Transactions (Scotland) Act 2023 (MTA) coming into force.

From today:

  • two new online registers are established – the Register of Assignations (ROA) and the Register of Statutory Pledges (RSP);
  • a new form of fixed security is to be granted over Scottish moveable property, shares, and intellectual property (known as the Statutory Pledge) is created;
  • it will be possible to take fixed security over Scottish moveable assets without possession being given to the lender;

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