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| | | {{a|security|}}{{charges in the uk}} |
| ===UK===
| | {{charges in ireland}} |
| Subject to specified exceptions<ref>one of which is the [[financial collateral arrangement]] under the [[Financial Collateral Regulations]].</ref>, a UK entity must register non-possessory {{tag|security}} (for example, a [[floating charge]]) it grants in favour of any creditor at Companies House within 21 days of creating the security, or it will be void on insolvency and against other creditors.
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| Why? Because it continues to hold onto the secured asset, a thbird party dealing with it (who might wish to take security over it) needs to know that it is impressed with a security interest. Not so important when the charge physically holds the asset, since the charger in that case isn't free to deal with it.
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| {{seealso}} | |
| *[[Financial Collateral Regulations]] | | *[[Financial Collateral Regulations]] |
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| {{charges in Ireland}} | | {{charges in Ireland}} |
| {{ref}} | | {{ref}} |