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The Tenancy Deposit Schemes (Scotland) Regulations 2011

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Conditions for approval of a tenancy deposit scheme

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6.—(1) A tenancy deposit scheme must meet the following conditions before it can be approved—

(a)the proposed scheme administrator must meet the requirements of regulation 7;

(b)the tenancy deposit scheme must satisfy the requirements of Parts 3 and 4;

(c)the tenancy deposit scheme must be intended to operate on the basis of procedures that will enable it to satisfy the requirements of Part 5; and

(d)the tenancy deposit scheme must have a dispute resolution mechanism which satisfies the requirements of regulation 33 and which will operate on the basis of the procedures set out in regulations 34 to 38.

(2) The person or body making the proposal for a tenancy deposit scheme (whether the proposed scheme administrator or any other person) must provide the Scottish Ministers with any information they may reasonably require in order to assess whether the tenancy deposit scheme meets the conditions in paragraph (1).

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