REGISTRATION OF ASSIGNMENTS OF RECEIVABLESInternational Financial Services Centres Authority (Registration of Factors and Registration of Assignment of Receivables) Regulations, 2024
REGISTRATION OF ASSIGNMENTS OF RECEIVABLESInternational Financial Services Centres Authority (Registration of Factors and Registration of Assignment of Receivables) Regulations, 2024
International Financial Services Centres Authority (Registration of Factors and Registration of Assignment of Receivables) Regulations, 2024 Chapter IV MISCELLANEOUS
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Repeal and savings preserve prior receivables-registration actions while replacing earlier factoring rules within International Financial Services Centres. Within International Financial Services Centres, the prior 2022 registration frameworks for assignments of receivables and factors cease to apply, and ... Summary
Repeal and savings preserve prior receivables-registration actions while replacing earlier factoring rules within International Financial Services Centres.
Within International Financial Services Centres, the prior 2022 registration frameworks for assignments of receivables and factors cease to apply, and guidelines on factoring and forfaiting of receivables are repealed from commencement. Actions taken or purportedly taken before commencement under those earlier instruments are deemed to have been taken under the corresponding provisions of the 2024 regulations, preserving legal continuity.
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