On 23 January 2023, the Italian Income Revenue Authority (Agenzia delle Entrate) published its technical measures on the Registry of Non-Possessory Movable Pledges (the Registry) in the Official Journal. Non-possessory movable pledges are a form of security meant for entrepreneurs (and entrepreneurial entities) which – unlike regular pledges – do not imply the debtor’s dispossession. For this reason, they must be established by contract and registered in the Registry to take effect vis-à-vis third parties. In order to register a non-possessory movable pledge, a specific application must be filed, exclusively by telematic means, attaching proof of the title. Registration starts once the application has been sent and is considered to have taken place when all the data has been correctly received by the Registry’s IT system which, in turn, confirms the correct completion of the procedure through an ad hoc receipt. Article 1.4 of Law Decree No. 59 of 3 May 2016 provides that the pledge is enforceable against third parties and in executive and insolvency proceedings from the time of registration. Registration is valid for 10 years, and can be renewed by applying for new registration before it has expired; conversely, cancellation may be requested on the basis of a deed containing the consent of the pledgee or a final court order or decision.