What is Collateral?

As per the Movable Property Act 1999, collateral is any movable property, whether tangible or intangible, that can be pledged as a security against a loan given by the Financial Institution.
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Who is a Debtor?

A person is a debtor only if the person's debt is secured with some (personal) movable property, which the person has rights on the collateral.

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Who is Public Users?

A person or an organization which is a registered secured party (private money lenders), who has debtors registered with them. 

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Central Registry System

The Royal Monetary Authority of Bhutan, during its 148th Board Meeting held on 10th June 2019 has approved the amended version of Rules and Regulations for Central Registry for Secured Transactions in Bhutan 2019 applicable to FIs with effective from 1st July 2019.

All FIs are informed to ensure in full compliance with the amended Rules and Regulations for Central Registry for Secured Transactions in Bhutan 2019

News and Announcement View All

Operation of Central Registry


The information pertaining to any moveable collateral pledged with any of the financial institutions like mortgages and other security interest in moveable property are available with the CR office. The hypothecation of the vehicles will also be monitored by the Central Registry office;

  1. RSTA has stopped the hypothecation of vehicles therefore there won't be hypothecation seal on the vehicle registration book henceforth.
  2. All transfer/change of ownership or cancellation of hypothecation of vehicle must obtain ‚??Certified Search Report‚?? from CR office or their respective Financial Institution and the RSTA will make the ‚??Certified Search Report‚?? a mandatory document.

The secured transaction registry also provides notice to potential lenders of credit of all the debtor‚??s prior security interests in moveable property.

We would also like to inform the general public to obtain a ''Certified Search Report" from the CR office prior to any transaction on second-hand movable property.

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Shifting of Central Registry


Central Registry is now under the management of Royal Monetary Authority of Bhutan.

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Launch of Central Registry


Bhutan's first Central Registry was launched on 9th August 2013 by the Honorable Governor of Royal Monetary Authority of Bhutan.

Central Registry  is a unit under the Royal Monetary Authority of Bhutan established with the executive directive from Royal Government of Bhutan in accordance with Part VI of Movable and Immovable Property Act of Kingdom of Bhutan, 1999. Central Registry will act as a centralized repository for all security interest in movable property.

The Registry became fully operational from 1st July 2014 and will undergo several development phases.

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