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The Debt Arrangement Scheme (Scotland) Amendment Regulations 2018

Draft Legislation:

This is a draft item of legislation. This draft has since been made as a Scottish Statutory Instrument: The Debt Arrangement Scheme (Scotland) Amendment Regulations 2018 No. 297

  1. Introductory Text

  2. 1.Citation and commencement

  3. 2.Interpretation

  4. 3.Amendments to the DAS Regulations

  5. 4.Correction of accidental errors

  6. 5.Approved money adviser: Financial Conduct Authority compliance

  7. 6.DAS Register: information which need not be included

  8. 7.Continuing money adviser’s fee: disclosure

  9. 8.Common financial tool: exclusion of rent and mortgage arrears, debtor’s contribution

  10. 9.Business Debt Arrangement Scheme: application for approval

  11. 10.Joint debt payment programme: terminology

  12. 11.Discretionary conditions: sole or main residence

  13. 12.Business Debt Arrangement Scheme: protection from diligence or sequestration

  14. 13.Notification by continuing money adviser: recall of arrestment, approval or rejection of variation

  15. 14.Accessing further credit

  16. 15.Business Debt Arrangement Scheme: payment break

  17. 16.Grounds for variation: change in household circumstances, reduction in benefits

  18. 17.Approval of variation: discharge of liability on compensation

  19. 18.Forms

  20. 19.Savings and transitional arrangements

  21. Signature

    1. SCHEDULE 1

      Common Financial Tool: Debt Arrangement Scheme

    2. SCHEDULE 2

      Amendments to Form 1 (application for approval of a Debt Payment Programme: Individuals)

      1. PART 1

      2. PART 2

      3. PART 3

      4. PART 4

      5. PART 5

    3. SCHEDULE 3

      Amendments to Form 1B (Application for approval of a Debt Payment Programme: legal persons and other entities)

    4. SCHEDULE 4

      Form 2 (Notification to creditor of approval of a Debt Payment Programme)

    5. SCHEDULE 5

      Amendments to Form 4 (Application for variation of a Debt Payment Programme)

    6. SCHEDULE 6

      Amendments to Form 4B (Application for variation of a Debt Payment Programme: legal persons and other entities)

      1. PART 1

      2. PART 2

  22. Explanatory Note

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