Moveable Transactions (Scotland) Bill
The Bill aims to change the law in relation to two areas of moveable property:
- Assignation of claims – the transfer of a claim from one person to another
- Pledges – a type of security (usually for a loan)
The Bill was passed on 04 May 2023 and became an Act on 13 June 2023
Contents
Introduced
The Scottish Government introduces the Bill and accompanying documents to the Parliament which publishes the Bill.
The Bill was introduced on 25 May 2022
Bill as introduced
Moveable Transactions (Scotland) Bill (3MB, pdf) posted 25 May 2022
Financial resolution
The Presiding Officer has decided under Rule 9.12 of Standing Orders that a financial resolution is required for this Bill.
Related information from the Scottish Government on the bill
Explanatory Notes
Moveable Transactions (Scotland) Bill explanatory notes (534KB, pdf) posted 25 May 2022
Moveable Transactions (Scotland) Bill explanatory notes (print version) (583KB, pdf) posted 25 May 2022
Explanation of the Bill
Policy Memorandum
Moveable Transactions (Scotland) Bill policy memorandum (492KB, pdf) posted 25 May 2022
Moveable Transactions (Scotland) Bill policy memorandum (print version) (510KB, pdf) posted 25 May 2022
Why the Bill is being introduced
Financial Memorandum
Moveable Transactions (Scotland) Bill financial memorandum (254KB, pdf) posted 25 May 2022
Moveable Transactions (Scotland) Bill financial memorandum (print version) (330KB, pdf) posted 25 May 2022
How much the Bill is likely to cost
Delegated Powers Memorandum
Moveable Transactions (Scotland) Bill delegated powers memorandum (273KB, pdf) posted 25 May 2022
Moveable Transactions (Scotland) Bill delegated powers memorandum (print version) (306KB, pdf) posted 25 May 2022
Information on the powers the Bill gives the Scottish Ministers and others to make “secondary legislation” (usually regulations) and to the Scottish Ministers (such as to make guidance).
Statements on Legislative Competence
Moveable Transactions (Scotland) Bill legislative competence (109KB, pdf) posted 25 May 2022
Moveable Transactions (Scotland) Bill legislative competence (print version) (159KB, pdf) posted 25 May 2022
Statements on whether the Bill is within the Parliament’s “legislative competence” (if the Parliament has the power to make the changes to the law proposed by the Bill).
Scottish Parliament research on the Bill
Read the research done by the Scottish Parliament on specific parts of the Bill:
Read the Moveable Transactions (Scotland) Bill research briefing