Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

security definition

What does security mean? In legal practice, security means money or other assets provided as a guarantee that a legal obligation will be performed, with forfeiture if it is not. In criminal proceedings, it most often refers to a cash deposit or equivalent required as a condition of bail to secure a defendant’s attendance at court and compliance with bail; failure to surrender may lead to forfeiture. The concept and procedures are set by bail legislation and court rules in each jurisdiction. Practice varies: in England & Wales and Northern Ireland, courts commonly take recognisances, with or without sureties, and may require a...

Scots law security registration for companies and LLPs: Companies House filings, creation dates, floating charges, share pledges, standard securities, assignations, releases, and upcoming reforms (Moveable Transactions Act, ECCTA)

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Practice notes

This PrACTice Note reviews the Law on registering security created on or after 6 April 2013 by a Company or limited liability partnership (LLP) registered in Scotland. The framework is set out in Part 25 of the Companies Act 2006 (CA 2006), given effect by the Companies Act 2006 (Amendment of Part 25) Regulations 2013, SI 2013/600 (for companies) and the Limited Liability Partnerships (Application of Companies Act 2006) (Amendment) Regulations 2013, SI 2013/618 (for LLPs). It highlights where Scots law departs from the law of England and Wales, namely:

registrable charges under Scots law
forms required to register security at Companies House
the date on which a registrable security is created
deeds of alteration needing registration (such as ranking agreements and intercreditor agreements)
enforcement of security

Registrable charges

The registration obligations for charges granted by Scottish registered companies are now largely equivalent to those for companies registered in England and Wales. For further guidance on registering security for companies and LLPs registered in England and Wales, see Practice Note: Registering security at Companies House. In Scotland, there...

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Web page updated on 21/05/2026

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