In these Rules (unless the context otherwise requires)— “the Act” means the Moveable Transactions (Scotland) Act 2023, “amendment document” has the meaning given by section 58(1) of the Act, “assignation document” has the meaning given by section 1(1) of the Act, “assignations record” is to be construed in accordance with section 21(2) of the Act, “assignee” has the meaning given by section 41(1) of the Act, “assignor” has the meaning given by section 41(1) of the Act, “claim” has the meaning given by section 41(1) of the Act, “constitutive document of the statutory pledge” means a document in accordance with section 45 of the Act, “encumbered property” has the meaning given by section 43(2) of the Act, “individual” means— (a) in the RoA Rules, a natural person not acting, for the purpose of the RoA Rules, in another legal capacity (such as partner, executor, trustee, guardian or attorney in respect of another person), and (b) in the RSP Rules— (i) if they are a provider of a statutory pledge, a natural person who— (aa) is competent to provide such a pledge under section 46(1) of the Act; or (bb) is granting such a pledge over a financial instrument, within the meaning given by regulation 3(1) of the Financial Collateral Arrangements (No. 2) Regulations 2003(a), or (ii) if they are a secured creditor, a natural person not acting, for the purpose of the RSP Rules, in another legal capacity (such as partner, executor, trustee, guardian or attorney in respect of another person), “the Keeper” means the Keeper of the Registers of Scotland, “legally valid” includes whether a document has been authenticated or has been executed (see section 120(2) of the Act), (a) S.I. 2003/3226. 2 Draft shared with Delegated Powers & Law Reform Committee for information - 18 November 2024 “online registration system” means the online service carried out by means of the automated...