Abstract: A padlock having a removable or interchangeable shackle is disclosed. The padlock comprises a lock body and a shackle, the shackle being movable in an axial direction between a locked position and an unlocked position, the short leg being withdrawn from the lock body in the unlocked position. The padlock also comprises a retaining shaft receivable within a corresponding bore of the lock body, wherein the long leg includes a longitudinal recess for providing a travel path for the movement of the shackle from a locked position defined by the retaining shaft engaging a first end of the longitudinal recess to an unlocked position defined by the retaining shaft engaging a second end of the longitudinal recess to prevent the shackle from being removed from the lock body when the shackle is in the unlocked position.

Abstract: A padlock having a removable or interchangeable shackle is disclosed. The padlock comprises a lock body and a shackle, the shackle being movable in an axial direction between a locked position and an unlocked position, the short leg being withdrawn from the lock body in the unlocked position. The padlock also comprises a retaining shaft receivable within a corresponding bore of the lock body, wherein the long leg includes a longitudinal recess for providing a travel path for the movement of the shackle from a locked position defined by the retaining shaft engaging a first end of the longitudinal recess to an unlocked position defined by the retaining shaft engaging a second end of the longitudinal recess to prevent the shackle from being removed from the lock body when the shackle is in the unlocked position.