#2021-1887Decree No. 2021-1887 of December 29, 2021, on the Register of Movable Securities and Related Operations
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This law establishes a comprehensive electronic registry for movable securities and related operations in France. It centralizes information through a national portal, accessible online, aiding transparency and public access. Businesses involved in transactions with movable assets must register relevant details, affecting various sectors including commerce, maritime, agriculture, and social security, ensuring all stakeholders comply with the procedural requirements.
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Key Changes
- Establishment of an electronic register for movable securities.
- Creation of a national portal for public access to register information.
- Procedure standardization for registering movable securities relevant to various sectors.
Obligations
What this law requires
Establish and maintain an electronic register of movable securities and related operations at each competent court clerk's office (greffe)
Register all required movable securities transactions including pledges without dispossession, conventional pledges of company shares, commercial premises pledges, maritime mortgages, agricultural warrants, and leasing operations within the electronic register
Submit inscription requests to the competent court clerk via a formal bordereau (registration form) either in paper (two copies) or by electronic transmission
Include in all registration requests the category of inscription, creditor/debtor identification details (name, address, RCS number where applicable), property owner identification if different from debtor, and secured debt amount with terms
Determine competent court clerk jurisdiction based on debtor's primary registration location in the commercial and companies register, or if not registered, by principal establishment location, business address, or domicile