Sir Malcolm Rifkind has said the recent controversy over cash for payments was not relevant to him role as Parliamentary Intelligence and Security Committee chairman, however he has still decided to resign from the role.
He will remain on the committee.
None of the current controversy with which I am associated is relevant to my work as Chairman of the Intelligence and Security Committee of Parliament.
However, I have today informed my colleagues that while I will remain a member of the Committee, I will step down from the Chairmanship.
The Committee is due to be dissolved in little over a month with the prorogation of Parliament for the forthcoming General Election. The main substantive work which needs to be completed will be the publication of our Privacy and Security Report during March.
I do not want the work of the Committee and the publication of the Report to be, in any way, distracted or affected by controversy as to my personal position. I have concluded, therefore, that it is better that this important work should be presided over by a new Chairman.
MPs reject proposals for a ban on politicians holding paid directorships, consultancies or trade union roles.
Sir Malcolm Rifkind is to quit as an MP at the general election amid fresh pressure over cash for access allegations.