It has officially been announced on the 8th January 2019 by the Cyprus Registrar of Companies and Official Receiver, upon the opinion of the Attorney General, that the following Charges will no longer be eligible for registration:

 

Pledging of share certificates of companies, assignment of rights deriving from company shares or any other charge on company share certificates, company shares or rights deriving from shares in companies and all or any of the rights resulting from the pledge or assignment or the charge, which have so far been accepted because these charges fall under the exceptions of Article 90 2 (a) of the Companies Law Cap. 113.

 

Insofar as the above has been officially implemented by the Registrar of Companies and Official Receiver, it does not challenge the legal and binding validity of a deed of pledge of such described assets that may be entered into by mutually consenting parties.

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