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The Common Financial Tool etc. (Scotland) Regulations 2014

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10.—(1) In regulation 19(5) (directions to trustee under protected trust deed: period of compliance), for “regulation 27(1)(b)” substitute “regulation 27(1)(c)”.

(2) In regulation 23(1) (remuneration to which trustee entitled) after “consist” insert “only”.

(3) In regulation 23(7) (remuneration: audit fee) for “Bankruptcy Fees etc. (Scotland) Regulations 2012” substitute “Bankruptcy Fees (Scotland) Regulations 2014(1)”.

(4) In regulation 24(5) (discharge of debtor), after “later” insert “than”.

(5) In the Schedule (forms to be used in connection with protected trust deeds)—

(a)in the table of forms, after the entry for Form 2, insert—

2AIncome and expenditureRegulation 10(1)(d)(ii);

(b)after Form 2 insert Form 2A set out in the Schedule to these Regulations; and

(c)for—

(i)Form 3 (trust deed protection proposal);

(ii)Form 4 (trustee’s statement of status of a protected trust deed);

(iii)Form 6 (application to creditors for discharge of trustee); and

(iv)Form 7 (trustee statement of realisation and distribution),

substitute respectively Forms 3, 4, 6 and 7 set out in the Schedule to these Regulations.

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