The Disclosure (Scotland) Act 2020 (Commencement No. 6, Consequential Amendment, Saving and Transitional Provision) Regulations 2025

Amendment of the Consideration for Listing Regulations from 12 January 2026

5.—(1) The Consideration for Listing Regulations are amended in accordance with paragraphs (2) to (6).

(2) In regulation 2 (interpretation)(1), in paragraph (a) of the definition of “individual”, omit “, 7(1), 7(3)”.

(3) In regulation 3 (procedure for consideration under sections 10, 11, 12 or 13 of the Act whether to list)—

(a) in paragraphs (1) and (6), omit “11,”,

(b) omit paragraph (3).

(4) The heading of regulation 3 becomes “Procedure for consideration under sections 10, 12, or 13 of the Act whether to list”.

(5) In the schedule (procedure for consideration under sections 10, 11, 12 or 13 of the Act whether to list)—

(a) in paragraph 1(1) (notification of date of decision under section 10, 11, 12 or 13), omit “11,”,

(b) the heading of paragraph 1 becomes “Notification of date of decision under section 10, 12 or 13”,

(c) omit Part 3 (consideration procedure where consideration is under section 11(2), (3) or (4) of the Act),

(d) in paragraph 16(1) (notification of further procedure)(2), in the opening words, omit “3,”,

(e) in paragraph 17(1)(a) (report by expert adviser)(3), omit sub-paragraph (ii),

(f) in paragraph 18(1)(a) (assessment by suitably qualified individuals)(4), omit sub-paragraph (ii).

(6) The heading of the schedule becomes “Procedure for consideration under sections 10, 12 or 13 of the Act whether to list”.

(1)

Regulation 2 was amended by S.S.I. 2010/446, S.S.I. 2025/74 and S.I. 2012/3006.

(2)

Paragraph 16 was amended by S.S.I. 2025/74.

(3)

Paragraph 17 was amended by S.S.I. 2010/446, S.S.I. 2025/74 and S.I. 2012/3006.

(4)

Paragraph 18 was amended by S.S.I. 2010/446, S.S.I. 2025/74 and S.I. 2012/3006.