Act No: No. 13 of 2017
Act Title: MOVABLE PROPERTY SECURITY RIGHTS
SUBSIDIARY LEGISLATION

MOVABLE PROPERTY SECURITY RIGHTS (GENERAL) REGULATIONS, 2017

ARRANGEMENT OF REGULATIONS

1.

Citation.

2.

Interpretation.

3.

Registry.

4.

Access to Registry.

5.

Submission of a notice and a search request.

6.

Search request.

7.

Notices that don't require authorization of the grantor.

8.

Information required in an initial notice.

9.

Grantor identifier and name.

10.

Secured creditor.

11.

Description of collateral in a notice.

12.

Information required in an amendment notice.

13.

Procedure for the compulsory amendment and cancellation.

14.

Information required in a cancellation notice.

15.

Fees for the use of the Registry Services.

16.

Mode of delivery of notices.

First Schedule —

Forms

Second Schedule —

Fees

MOVABLE PROPERTY SECURITY RIGHTS (GENERAL) REGULATIONS, 2017
[L.N. 86/2017, L.N. 121/2019.]
1.
Citation

These Regulations may be cited as the Movable Security Rights (General) Regulations, 2017.

3.
Registry
(1)

The Registry shall be electronic.

(2)

The submission of a notice and a search request to the Registrar shall be by electronic means.

4.
Access to Registry

A person may access the Registry if that person has—

(a)

established a user account; and

(b)

entered the required information in the designated fields.

7.
Notices that don’t require authorization of grantor
(1)

The registration of a notice with respect to a right of a non consensual creditor in accordance with section 46 of the Act shall not require the authorization of the grantor.

(2)

The registration of an amendment notice to add the transferee as the new grantor in accordance with section 37 of the Act shall not require the authorization of the transferee.

15.
Fees for the use of the Registry services

The fees payable under these Regulations shall be as provided in the Second Schedule.

SECOND SCHEDULE

FEES PAYABLE TO THE REGISTRAR [Reg. 15.]

On submission of a Search Request — KSh. 500