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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 26 October 2025
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Displaying 1235 contributions

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Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

The keeper will be watching that as part of her on-going business and engagement with ministers. The same would apply to the whole range of fees that ROS charges for various services. I do not think that there is any specific trigger for a review, but there would be a process—annually, I think—whereby there would be the opportunity to engage on that.

Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

That is a good point. The best plan is for us to take that away and reflect on it, and then come back to you. As I said, when individuals were taken out of the scope of the bill, the sense was that there was no requirement for that, because the vast bulk of money advice agencies would be operating on behalf of individuals. However, you are right that a sole trader could find themselves in that position. I will go and check what that situation looks like at the moment. I do not know whether we have got any data on how many searches we might expect money advice organisations to undertake, but I suspect that it would not be a big number in the grand scheme of things. We will reflect on that, engage with the keeper and respond to the committee.

Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

There is provision for that to be done. I suppose that your question is why people would do that. People on both sides of the transaction have an interest in keeping the registers up to date, as they reflect their commercial reality. Does anyone else want to comment?

Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

Putting that information up is a necessary part of the process, is it not? The whole point is to make that information visible.

Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

The question is whether there is an onus on the registers to verify information that they are presented with. Indeed, it is not even information that is the issue, because the information will be accurate; it is the intent behind the information. I suppose that the answer to that is that the register can only check what is in front of it.

Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

The information might also be commercially sensitive. I assume that we do not put every invoice on to the register.

Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

That is a good point. The registers would make that information easily available for anyone who chose to search for it. You are absolutely right that raising awareness of the change is important.

Jill, would you like to comment on what we have done specifically in that regard?

Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

In general, Registers of Scotland brings in enough revenue through its various activities to cover its costs, which, from a public finance point of view, is very welcome. That is the principle to which we operate in order to understand the costs of running the service and the likely number of transactions. We used that to arrive at a fee structure that would allow ROS to cover its costs as a consequence.

The initial £80 was based on an estimate of the number of transactions. That estimate was then revised as more work was undertaken in order to have a more thorough understanding of that. We estimate that there will be 25,000 transactions or thereabouts over the period of a year once the registers are up and running. If we do the calculations on that, with our estimated running costs, which are close to £1 million when everything is up and running, we come to that schedule of charges. That is why it is there.

It is about getting the balance right with regard to what people will feel is reasonable. Extensive consultation was undertaken on the matter, and many of the points that you raise were made. That was part of the reason for reducing the £80 charge to £30. I am not sure how many sheep you can buy for £30, but, in the grand scheme of things, if you are running sizeable transactions with many other fees involved, and borrowing against assets, I would expect that that figure would not be a significant issue.

As we move forward, there will be scope to revise the fees depending on whether more, or fewer, transactions come through, or how we see the costs working through.

Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

That is a good question. I will undertake to log in and see how it works to verify that. My experience of other registers that Registers of Scotland provides is that they are very easy to use and very accessible, but others may have different views on that.

Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

The registers exist to create that visibility, so that people can search them. Exactly.