Part 1Land reform
Chapter 2Functions of the Land Commissioners
8Functions of the Land Commissioners: natural capital markets
(1)
The Land Reform (Scotland) Act 2016 is modified as follows.
(2)
In section 22 (functions of the Land Commissioners)—
(a)
in subsection (5), after paragraph (d) insert
“,
(e)
the effects of natural capital markets in relation to other matters relating to land in Scotland.”,
(b)
after subsection (5) insert—
“(6)
In subsection (5) “natural capital market” means the trading of units or credits which are generated through a registration scheme for projects to restore or improve the natural environment.”.