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
Stage 2 - Changes to detail
MSPs can propose changes (“amendments”) to the Bill. The amendments are considered and decided on by a committee.
The Bill ended Stage 2 on 21 March 2023
Meeting before Stage 2 proceedings
Delegated Powers and Law Reform Committee
Minutes of 7 March 2023 (in private)
Timetable
On 8 March 2023, Parliament agreed motion S6M-08152, that consideration of the Moveable Transactions (Scotland) Bill at Stage 2 be completed by 24 March 2023.
Meeting on amendments
Documents with the amendments considered at the meeting held on 21 March 2023.
Marshalled list of amendments for Stage 2 (379KB, pdf) posted 16 March 2023
Groupings of amendments for Stage 2 (363KB, pdf) posted 16 March 2023
Meeting on 21 March 2023
Read the minutes of proceedings
Bill as amended at Stage 2
Moveable Transactions (Scotland) Bill as amended at Stage 2 (4MB, pdf) posted 21 March 2023
Additional information from the Scottish Government on the Bill following Stage 2
Revised Explanatory Notes
Moveable Transactions (Scotland) Bill revised explanatory notes (579KB, pdf) posted 20 April 2023
Moveable Transactions (Scotland) Bill revised explanatory notes (print version) (624KB, pdf) posted 19 April 2023
Explanation of the Bill
Supplementary Financial Memorandum
Moveable Transactions (Scotland) Bill supplementary financial memorandum (204KB, pdf) posted 19 April 2023
Moveable Transactions (Scotland) Bill supplementary financial memorandum (print version) (218KB, pdf) posted 18 April 2023
How much the Bill is likely to cost
Supplementary Delegated Powers Memorandum
Moveable Transactions (Scotland) Bill supplementary delegated powers memorandum (154KB, pdf) posted 18 April 2023
Moveable Transactions (Scotland) Bill supplementary delegated powers memorandum (print version) (240KB, pdf) posted 18 April 2023
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).