Schedule 2B, Part 1, paragraph 19(5)

Where immediately before IP completion day there is an entry in the International Register relating to a relevant security interest— section 25(3) and (4) do not apply until after the expiry of the relevant period; and section 25(4)(a) applies after the expiry of the relevant period but as if the reference to six months beginning with the date of the transaction were a reference to eighteen months beginning with IP completion day.

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Source: legislation.gov.uk · retrieved 2026-09-04