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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 4 May 2021
  6. Current session: 13 May 2021 to 31 October 2025
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Displaying 2313 contributions

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Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

I welcome our second panel of witnesses. Jennifer Henderson, the keeper of the registers of Scotland, is accompanied by Jon Hodge, the policy lead for the register of movable transactions—RMT—and Cat Haig, the product lead for the RMT at Registers of Scotland.

I remind the witnesses not to worry about switching on their microphones during the session, as they are controlled by broadcasting. If they would like to answer any of the questions, they should just raise their hand to indicate that.

The financial memorandum suggests that the registers established by the bill will be operational by mid-2024 at a cost of around £8.2 million. Is Registers of Scotland still on track to deliver that?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

What consultation have you done with potential users to ensure that the registers will meet their needs?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

You have had dialogue and consultations with a range of organisations and individuals. Have you been able to get a clearer picture of the likely demand for registering assignations and statutory pledges in the registers?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

The committee has heard from the money advice sector that searches of the registers should be free. Is that feasible within the current budget, or could there be a two-tier system so that money advice experts could have free access while others might pay?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

Am I right in assuming that there would be no issues regarding data protection or the general data protection regulation in respect of the two separate organisations if the information was input once and then transferred to the other register?

Delegated Powers and Law Reform Committee

Instruments subject to Negative Procedure

Meeting date: 25 October 2022

Stuart McMillan

Is the committee content with the instruments?

Members indicated agreement.

Delegated Powers and Law Reform Committee

Document subject to Negative Procedure

Meeting date: 25 October 2022

Stuart McMillan

Under agenda item 6, we are considering a document that has been laid before the Parliament for approval, on which no points have been raised.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

I move to questions for Mirka Skrzypczak. From a lenders’ perspective, how does the current law in Scotland impact on your lending options?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

I mean more in Scotland than there are currently. We have been told that some transactions have taken place under English law because it has been easier to deal with.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

As a result of the bill and the proposals, do you foresee business transactions taking place in Scotland that would have—as we have heard in evidence—taken place under English law, as some transactions have?