9th Report, 2009 (Session 3)

Report on legislative consent memorandum on the Financial Services Bill (LCM(S3) 25.1)

Remit and membership

Remit:

1. The remit of the Finance Committee is to consider and report on-

(a) any report or other document laid before the Parliament by members of the Scottish Executive containing proposals for, or budgets of, public expenditure or proposals for the making of a tax-varying resolution, taking into account any report or recommendations concerning such documents made to them by any other committee with power to consider such documents or any part of them;

(b) any report made by a committee setting out proposals concerning public expenditure;

(c) Budget Bills; and

(d) any other matter relating to or affecting the expenditure of the Scottish Administration or other expenditure payable out of the Scottish Consolidated Fund.

2. The Committee may also consider and, where it sees fit, report to the Parliament on the timetable for the Stages of Budget Bills and on the handling of financial business.

3. In these Rules, "public expenditure" means expenditure of the Scottish Administration, other expenditure payable out of the Scottish Consolidated Fund and any other expenditure met out of taxes, charges and other public revenue.

(Standing Orders of the Scottish Parliament, Rule 6.6)

Membership:

Derek Brownlee
Malcolm Chisholm
Linda Fabiani
Joe Fitzpatrick
Tom McCabe (Deputy Convener)
Jeremy Purvis
Andrew Welsh (Convener)
David Whitton

Committee Clerking Team:

Clerk to the Committee
Jim Johnston

Senior Assistant Clerk
Mark Brough

Assistant Clerk
Allan Campbell

Committee Assistant
Jennifer Bel

Report on legislative consent memorandum on the Financial Services Bill (LCM(S3) 25.1)

The Committee reports to the Parliament as follows—

1. At its meeting on 15 December 2009, the Committee considered a legislative consent memorandum on the Financial Services Bill (LCM(S3) 25.1) and took evidence from John Swinney MSP, Cabinet Secretary for Finance and Sustainable Growth.

2. Various points were raised during the session with the Cabinet Secretary and in the following discussion. The Official Report of the meeting can be found on the Parliament’s website, at:

http://www.scottish.parliament.uk/s3/committees/finance/meetings.htm