A shutter locking assembly that has a bolt carriage with a bolt slidingly engageable with the bolt carriage and a biasing (actuator) means operatively connected to the bolt member and the bolt carriage. The bolt carriage is inserted into a cavity of a shutter slat, and the action of moving the shutter slat between an up (open) position and a down (locked) position, causing the bolt to be moved between an extended position and a retracted position. When the shutter slat is in a down (locked) position the bolt engages with a bolt receiving opening adjacent to the shutter slat, and when in an up (open position) the bolt is retracted