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(i)    a heritable security; (ii)   a liferent; (iii)  an incorporeal heritable right,  shall be  registrable; and  on registration of its creation such an interest shall become a registered interest in land. (4) There shall also be registrable- (a) any transfer of a registered interest in land including any transfer whereby it is absorbed into another registered interest in land; (b) any absorption by a registered interest in land of another registered interest in land. (c) any other transaction or event which (whether by itself or in conjunction with registration) is capable under any enactment or rule of law of affecting the title to a registered interest in land but which is not a transaction or event creating or affecting an over-riding interest. (5) the Secretary of State may, by order made by statutory instrument, provide that interests in land of a kind or kinds specified in the order, being interests in land which are unregistered at the date  of  the  making  of  the  order  other  than  overriding  interests,  shall  be  registered;  and  the provisions of this Act shall apply for the purposes of such registration with such modifications, which may include provision as to the expenses of such registration, as may be specified in the order. (6) In this section, “ enactment “ includes sections 17, 18 and 19 of this Act. Effect of registration 3.-(l)  Registration shall have the effect of- (a)   vesting in the person registered as entitled to the registered interest in land a real right in and  to  the  interest  and  in  and  to  any  right,  pertinent  or  servitude,  express  or  implied, forming part of the interest, subject only to the effect of any matter entered in the title sheet of that interest under section 6 of this Act so far as adverse to the interest or that person’s entitlement to it and to any overriding interest whether noted under that section or not; (b)  making any registered right or obligation relating to the registered interest in land a real right or obligation; (c)   affecting any registered real right or obligation relating to the registered interest in land, insofar as the right or obligation is capable, under any enactment or rule of law of being vested as a real right of being made real or, as the case may be, of being affected as a real right. In this subsection, “enactment” includes sections 17, 18 and 19 of this Act. (2) Registration shall supersede the recording of a deed in the Register of Sasines but, subject to subsection (3) below, shall be without prejudice to any other means of creating or affecting real rights or obligations under any enactment or rule of law. (3) A- (a)   lessee under a long lease; (b)  proprietor under udal tenure;