Skip to main content
Loading…

Seòmar agus comataidhean

Official Report: search what was said in Parliament

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

Criathragan 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 31 October 2025
Select which types of business to include


Select level of detail in results

Displaying 979 contributions

|

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?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Bill Kidd

Everybody is pretty much of the opinion that it needs to be higher than the £1,000 threshold that has been broached. As Alan McIntosh mentioned, the more important element is possibly not so much where it starts—although it has to be higher than £1,000—but how it increases over time. That is really the important element. It is useful to have heard that.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 27 September 2022

Bill Kidd

Under item 3, we will take evidence on the Moveable Transactions (Scotland) Bill. I welcome Lady Paton, who is chair of the Scottish Law Commission. I welcome, too, Professor George Gretton and Professor Andrew Steven, who, as former commissioners of the SLC, were heavily involved in the commission’s report on moveable transactions, which was published in 2017.

Before we kick off, I remind all attendees not to worry about turning on their microphones during the evidence session, as they are controlled by the broadcasting team. If you would like to come in on a question, please raise your hand and we will bring you in.

Before we move to questions, I invite Lady Paton to make some brief opening remarks.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 27 September 2022

Bill Kidd

Thank you. That is very helpful indeed. We will move on to more detail with Jenni Minto.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 27 September 2022

Bill Kidd

Thank you for the question, Jeremy, and thank you to our witnesses for their answers.

10:45  

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 27 September 2022

Bill Kidd

Thank you. Paul Sweeney MSP will ask the next questions. He joins us online.