Regulatory Alerts2020-01-01
Security Interests in Movable Property Regulations, 2020
Issued by the Governor of the Central Bank of Lesotho and Commissioner of Financial Institutions, these regulations operationalize the electronic registry for security interests in movable property. They require all interested parties to establish client accounts and submit filings exclusively through the online registry while eliminating paper-based submissions. The framework establishes standardized fees, payment mechanisms, and a ten-year record retention period to ensure efficient registration and search services.
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