Expresses its appreciation to the United Nations Commission on International Trade Law for the completion and adoption of the Guide on the Implementation of a Security Rights Registry;Error: Reference source not found
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Requeststhe Secretary-General to publish the Guide on the Implementation of a Security Rights Registry, including through electronic means, and to disseminate it broadly to Governments and other interested bodies such as national and international financial institutions and chambers of commerce;
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Recommendsthat all States give favourable consideration to the Guide on the Implementation of a Security Rights Registry when revising relevant legislation, administrative regulations or guidelines and to the Legislative Guide on Secured Transactions of the CommissionError: Reference source not found when revising or adopting legislation relevant to secured transactions, and invites States that have used the Guides to advise the Commission accordingly;
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Also recommendsthat all States continue to consider becoming parties to the United Nations Convention on the Assignment of Receivables in International Trade,4 the principles of which are reflected in the Legislative Guide on Secured Transactions and the optional annex to which refers to the registration of data with regard to assignments.