As a Registrant who is entering a new registration or changing an existing registration, you should be aware of the following:
1. You are responsible for the completeness and accuracy of the information you include in a registration. PPSA legislation and regulations define what information you must include depending upon the purpose of your registration (for example, depending upon what circumstances gave rise to the security interest you intend to register).
2. A successful registration is current to the date and time at which the registration is added to the provincial/territorial PPR database, not the time at which you submit the registration.
3. Every registration (original, amendment, renewal, discharge, re-registration, amendment via global change) is assigned a unique registration number. The unique registration number assigned to a successful registration plus all other registration details are included in a Verification Statement (report) returned to the registrant. You and the secured parties are responsible for tracking your registrations in order to be able to change or discharge them when required.
4. To successfully complete a registration, your organization's PPR client information must have been entered into the PPR database by your PPR administrative user. If your PPR client information is not complete and active for the province/territory specified in your registration, your registration attempt will fail. You should use the Update PPR Client Information function to revise your PPR client information if it is not accurate.
5. The registrant (user performing the registration) and PPR client information are permanently stored in the provincial/territorial PPR database with every registration. PPRS captures registrant and PPR client information automatically. This information is included in the Verification Statement and every Notice to Secured Party (if applicable).
6. How secured parties are entered by the registrant when performing a registration or amendment will determine whether the secured parties will receive notice to secured party reports electronically or by mail. You and the secured parties are responsible for determining how secured party information should be entered into a new registration or amendment, for example: using a secured party number or not, and using a email address or not.