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Chamber and committees

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 5 May 2021
  6. Current session: 12 May 2021 to 8 July 2025
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Displaying 2221 contributions

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Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 1 November 2022

Stuart McMillan

Stakeholders from the consumer and money advice sector have raised concerns about the impact of the assignation reforms on consumer credit debts. From your consultations with lenders and other potential users of the register of assignations, can you tell us to what extent you expect the register to be used for the assignation of consumer credit debts?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 1 November 2022

Stuart McMillan

That is no problem.

Jeremy Balfour has questions.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

The issue of floating charges will come up in our questions shortly. I would like clarification on your final point about access to finance. With regard to invoice financing, does the bill present opportunities to open up new sources of funding for small businesses?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

Before we move on, I invite Colin Borland to come in on any of the points that have just been raised.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

It would be very helpful if Colin Borland could come back to the committee on Paul Sweeney鈥檚 question before next Tuesday, as that is when we will have the minister before us.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

I have a couple of final questions. The financial memorandum suggests that the fees for using the registers will be in the range of 拢10 to 拢80. Will setting fees at that level encourage their usage?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

It was 拢80鈥攅ight-zero.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 25 October 2022

Stuart McMillan

My final question is for Mirka Skrzypczak. I do not expect an answer at this point and she might want to come back to the committee on it.

The bill is going through the parliamentary process. If it were to be passed and its provisions rolled out, would NatWest consider having, even for a short time, a favourable set of lending conditions and financial conditions for people and organisations in Scotland to assist with the roll-out?

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鈥擱MT鈥攁nd 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 拢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?