Register of Interests of Members of the Scottish Parliament
8AF1Reporting and registration of changes to controlled transactions
1
For the purposes of this section, there is a change to a registered interest that is a controlled transaction if—
a
another person becomes party to the transaction (whether in place of or in addition to any existing party to it);
b
there is a change to anything about which information was (or should have been) provided by the member in the written statement lodged by the member when registering the transaction;
c
the transaction comes to an end.
2
The reference in subsection (1)(b) to information provided is a reference to information—
a
about or relating to the transaction; and
b
provided in accordance with a determination under section 4(2).
3
For the purposes of subsection (1)(c), a loan comes to an end if—
a
the whole debt (or all the remaining debt) is repaid;
b
the creditor releases the whole debt (or all the remaining debt).
4
A member who has registered a controlled transaction shall notify the Clerk of any change to the transaction.
5
A member shall comply with subsection (4) by lodging a written notice with the Clerk not later than the last day of the period of 30 days beginning with the day on which the change takes effect.
6
A written notice shall—
a
be in such form; and
b
contain such information about the change or relating to it, as the Parliament may determine.
7
Within 30 days after a member has lodged a written notice in accordance with this section, the Clerk shall—
a
amend the entry relating to that member in the register so as to record the change and the date when it took effect; and
b
send a copy of the amended entry to the member.