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Interests of Members of the Scottish Parliament Act 2006

Section 5: Registration of registrable interests acquired after date of return

32.Section 5 makes provision for registration of registrable interests acquired by a member after the date of return.

33.Subsection (2) requires the member to register an acquired interest, within 30 days of the date of acquisition. The member registers new interests by lodging with the Clerk a written statement containing the required information about the interest in the same way as the initial registration.

34.This requirement to register applies even where that registrable interest is acquired and disposed of before the expiry of the period for registration.

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Text created by the Scottish Executive department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills

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