Economy and Fair Work Committee
Protected Trust Deeds (Miscellaneous Amendment) (Scotland) Regulations 2024
Background
The Scottish Government laid the Protected Trust Deeds (Miscellaneous Amendment) (Scotland) Regulations 2024 on 3 May 2024.
The instrument has been referred to the Economy and Fair Work Committee for consideration.
The Committee will hear evidence from the Scottish Government on Wednesday 5 June 2024.
The policy note published with the regulations states 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
Provides the necessary support and protection to those who need to access debt relief through this solution.
The instrument would amend Part 14 of the Bankruptcy (Scotland) Act 201
Additional written evidence from The Institute of Chartered Accountants of Scotland (350KB, pdf) posted 03 June 2024
The Committee considered the regulations and published its reports on Wednesday 5 June 2024.