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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 28 June 2025
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Displaying 908 contributions

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Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Bill Kidd

That is very helpful. Thank you very much for that, which has answered my question.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Bill Kidd

When the committee put out a call for views, some stakeholders suggested that there should be links between the registers in the bill and Companies House. You obviously know about that—I can see you nodding. That would avoid a need for companies to register financial arrangements twice. Some of those who would have to register would not wish to register with more than one body, which would be a complication for them. Will you consider that?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Bill Kidd

That makes a lot of sense. Thanks for that.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Bill Kidd

I thank Paul Sweeney for asking that question, because it raised an issue that I was thinking about. I want to ask about the security of information, not in terms of keeping it from people but in terms of how people will prove that they are the correct person to alter information that is held. I am concerned that somebody could mess around with and change somebody else’s information. How will you ensure that the process is handled correctly?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Bill Kidd

So that is being addressed. Thank you.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Bill Kidd

I thought that it was important to ask that question so that you could comment.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Bill Kidd

Thank you.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Bill Kidd

I thank our guests for the enlightening discussion so far.

I have a question about what I think is a positive aspect of the bill. How might the bill’s provisions on pledges help businesses to access finance?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Bill Kidd

That is extremely helpful.

My next question is about something that might not be quite so helpful, but I will ask it anyway. There are concerns that the statutory pledge provisions in the bill could in Scotland open up a high-cost lending market that could target vulnerable consumers. Do you have any idea of whether that is likely to happen?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Bill Kidd

I am sorry to come back in. I think that this might have been covered earlier, but there is a general agreement about the £1,000 threshold in the bill. Obviously, that has been in place for quite a while. I have heard a few people say certain numbers; for example, I believe that £3,000 was mentioned last week. It will be updated to some degree, but do you have an idea or a clue as to what the best direction that it could go in might be?