This is a draft item of legislation and has not yet been made as a UK Statutory Instrument. This draft has been replaced by a new draft, The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020 ISBN 978-0-348-21173-3
Draft Regulations laid before Parliament and Senedd Cymru under section 7(8)(a) and (b) of the Financial Guidance and Claims Act 2018, for approval by resolution of each House of Parliament and of Senedd Cymru.
Draft Statutory Instruments
Debt Management And Relief, England And Wales
Made
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Coming into force in accordance with regulation 1(2) to (7)
The Treasury(1) in exercise of the powers conferred by section 7(2), (5)(a), (5)(c), (5)(d) and (6)(a) of the Financial Guidance and Claims Act 2018(2) make the following Regulations.
In accordance with section 7(8)(a) and (b) of that Act, a draft of this instrument has been laid before and approved by a resolution of each House of Parliament and Senedd Cymru.
In accordance with section 7(2) and (3) of that Act, the Treasury have received advice from the single financial guidance body on the establishment of a debt respite scheme and have taken that advice into account in making these Regulations.
In accordance with section 26(2) of the Financial Guidance and Claims Act 2018, the reference to the Secretary of State in section 7(2) of that Act is to be read as a reference to the Secretary of State or the Treasury.
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