Skip to main content
Loading…

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.  

Filter your results Hide all filters

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 4 May 2021
  6. Current session: 13 May 2021 to 15 January 2026
Select which types of business to include


Select level of detail in results

Displaying 1046 contributions

|

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 1 November 2022

Bill Kidd

Okay. That is understandable.

There is a worry that the register of statutory pledges could stop working effectively if too many out-of-date statutory pledges remained on it. The Faculty of Advocates has proposed that creditors should be able to set the timescale that a pledge can last for when they register it. Is that something that the Scottish Government might be interested in?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 1 November 2022

Bill Kidd

That gives a pointer to the idea that the process is supposed to be more open and accessible than the present arrangements, and for a wider range of people. I thank you very much for that.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 1 November 2022

Bill Kidd

That makes sense, but people have different ideas about what is user friendly. We have heard evidence that the cost of accessing the register should be set at a level that encourages and enables use by all potential users. Will charges differ for different types of user? People with different income levels or resources might have better options for access if the costs do not vary widely.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 1 November 2022

Bill Kidd

The way that the registers that would be set up by the bill would operate will not be entirely clear until detailed regulations are made. Is the minister able to give the committee early sight of those regulations, either now or at some point before the stage 1 debate, which is anticipated to take place in the next six or seven weeks?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 1 November 2022

Bill Kidd

So we are waiting to hear about that as well. As I said, the stage 1 debate is anticipated to be within the next six or seven weeks, so I was trying to get an idea about whether there was any movement but you are still holding on for that at the moment.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Bill Kidd

You have covered a wide range of issues. Thank you very much for doing so.

Supporters of the reforms have stated that they are likely to make access to credit cheaper. Do you agree that that will be the case in practice, or is that a smokescreen for the new legislation?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Bill Kidd

In your view, businesses in England and other countries have access to a wider range of finance options than we have in Scotland at present. As you mentioned earlier, people take up the advantages of running things under English law. Will the bill open up options and mean that people will be able to concentrate their options here in Scotland?

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: 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.