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The FSA’s successor, the Financial Conduct Authority, has yet to confirm the date on which it will publish its findings, but I understand that it aims to do so in the next six to eight weeks.
I add that I am not looking for the date. From a purely technical point of view, the two sets of auditors will need to reach agreement before they finalise their audit plans for the first year in which the Scottish rate operates, but that is still some way in the future.
No one disputes that.Secondly, there are two Council decisions that govern the operation of the exchange rate mechanism, one of which dates from 1997 and the second of which dates from 2006.
We have not done any mapping of what the expenditure pattern has been across Scotland to date, but there is absolute determination to ensure that we bend spend into the early years.10:45 You mentioned the teaching resource.
We intend to lay the proposed National Planning Framework before Parliament after the summer recess, following which there will be a 60 day period for parliamentary consideration.
Will we be in a position to start work on the issue immediately after recess? For those who are left in limbo until new legislation is passed, will it be possible to use the Crofters (Scotland) Act 1993 in the meantime?
At this point, it would be a bit dangerous to specify what will be ingathered and how it will be held, because that information could be out of date in six months’ time—and it would almost certainly be out of date in a year or two.
No, I would not at this stage, but I can provide you with the information at a future date. It does not seem like a deep audit—it seems like a minor surface scratch.