This section applies to a disposition of—
a registered estate or charge, or
an interest which is the subject of a notice in the register,
where the disposition is of a description specified by rules.
A disposition to which this section applies, or a contract to make such a disposition, only has effect if it is made by means of a document in electronic form and if, when the document purports to take effect—
it is electronically communicated to the registrar, and
the relevant registration requirements are met.
For the purposes of subsection (2)(b), the relevant registration requirements are—
in the case of a registrable disposition, the requirements under Schedule 2, and
in the case of any other disposition, or a contract, such requirements as rules may provide.
Section 27(1) does not apply to a disposition to which this section applies.
Before making rules under this section the Secretary of State must consult such persons as he considers appropriate.
In this section, "disposition", in relation to a registered charge, includes postponement.