Bankruptcy and Diligence (Scotland) Bill: business and regulatory impact assessment

Intra-UK Trade

52. The Bill will make amendments to diligence procedures and technical amendments to existing bankruptcy provisions in Scotland while also bringing forward an enabling power to create a mental health moratorium.

53. The technical changes to bankruptcy legislation are to correct errors and remove ambiguity in existing sections of the 2016 Act, after bankruptcy has been awarded and will have no impacts on trade.

54. The diligence mechanisms to pursue a debt will be the same for creditors irrespective of where they are located in the United Kingdom.

55. The enabling power will allow secondary legislation to be brought forward creating a mental health moratorium process. The enabling power does not impact on trade. Separate impact assessments will be prepared when the mental health moratorium regulations are subsequently laid.

56. Having considered the United Kingdom Internal Market Act 2020 and Common Frameworks I can confirm that this Bill will not impact on intra-UK trade.