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Seòmar agus comataidhean

Economy and Fair Work Committee

Protected Trust Deeds (Miscellaneous Amendment) (Scotland) Regulations 2024

The Scottish Government laid the Protected Trust Deeds (Miscellaneous Amendment) (Scotland) Regulations 2024 on 3 May 2024.

The instrument was referred to the Economy and Fair Work Committee for consideration.

The Committee heard evidence from the Scottish Government on Wednesday 5 June 2024.

The policy note published with the regulations stated the policy objective is to:

  • Bring forward stakeholder-led recommendations to introduce improvements to the current Protected Trust Deed (PTD) process.
  • Ensure this statutory debt solution is fit for purpose.
  • Provide the necessary support and protection to those who need to access debt relief through this solution.

The instrument amends Part 14 of the Bankruptcy (Scotland) Act 2016.

Written Submissions

Additional written evidence from The Institute of Chartered Accountants of Scotland (350KB, pdf) posted 03 June 2024

Meetings

The inquiry was discussed at the following Committee meetings:

05 June 2024 (18th Meeting)

See meeting details

Watch the meeting on Scottish Parliament TV

Committee report

The Committee considered the regulations and published its report on Wednesday 5 June 2024.

Read the report

Correspondence

The Committee has sent and received the following correspondence regarding its consideration of the regulations:

Protected Trust Deeds (Miscellaneous Amendment) (Scotland) Regulations 2024

Letter from the Minister for Public Finance, 13 June 2024

See all of this committee's correspondence

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