The Interests of Members of the Scottish Parliament Act 2006 (Modifications to the Schedule) Resolution 2011

Interest in shares

5.—(1) Paragraph 9 (Interest in shares) of the schedule is amended as follows.

(2) In sub-paragraph (2)(b), delete the words “50 per cent of a member’s salary on that date (rounded down to the nearest £10)” and insert “the specified limit”.

(3) In sub-paragraph (3), delete “apply”.

(4) In sub-paragraph (3)(a), delete “his or her own name” and insert “ the name of the member (or relevant person)”.

(5) In sub-paragraph (8)—

(a) insert after “paragraph”—

““current parliamentary session” means the parliamentary session which begins immediately after, or in which, the member is returned;”

(b) delete the words “(a)” and “and (b)”; and

(c) at the end of that sub-paragraph, delete the full stop and insert—

“;

“specified limit” means 50% of a member’s salary (rounded down to the nearest £10) at the beginning of the current parliamentary session.”.