Appointment of Scheme Administrator
This section has no associated Explanatory Memorandum
3.—(1) The Department may appoint a person who has applied to the Department to establish and maintain a tenancy deposit scheme of a description prescribed in Part 3 where the Department has approved that application under the Regulations.
(2) The Department must not approve an application where the applicant:—
(a)has been convicted of any offence involving fraud or dishonesty;
(b)is a bankrupt; or
(c)is disqualified from being a director of a company.