Common Financial Tool Regulations 2018

Although, Jamie Hepburn, Scottish Government Minister for Business, Fair Work and Skills has written to the Scottish Parliament to withdraw the Common Financial Tool (Scotland) Regulations 2018 (see here), he has stated he intends to reinstate them after the summer recess.

This means the controversial regulations, which propose that the Standard Financial Statement will replace the Common Financial Statement, as Scotland’s preferred Common Financial Tool, will be relaid between the 2nd of September and the 6th of October 2018. 

The Economy, Jobs and Fair Work Committee have stated submissions relating to the Regulations will still be allowed in meantime. 

My own submission can be seen here.

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