The Financial Services Commission of Belize has welcomed the enactment of the Moveable Property Secured Transactions Legislation, describing it as a landmark step towards financial inclusion and economic growth.
It said that the legislation modernises Belize's financial landscape by enabling movable assets to be used as collateral for loans and establishing the Secured Transactions and Collateral Registry.
The FSC said the legislation introduces consistency and certainty, streamlining legal provisions for secured financing involving movable assets as well as providing legal recognition of movable assets as collateral, increasing financial opportunities for individuals and businesses.
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