Search Legislation

Financial Guidance and Claims Act 2018

Status:

This is the original version (as it was originally enacted).

7Debt respite scheme: regulations

This section has no associated Explanatory Notes

(1)As soon as reasonably practicable after receiving advice from the single financial guidance body under section 6, the Secretary of State must consider whether to make regulations under this section.

(2)After receiving advice from the single financial guidance body under section 6, the Secretary of State may make regulations establishing a debt respite scheme.

(3)The regulations must take the advice into account.

(4)The regulations may provide for the scheme to apply—

(a)in England only,

(b)in England and Wales,

(c)in England and Northern Ireland, or

(d)in England, Wales and Northern Ireland.

(5)Regulations under this section may—

(a)make different provision for different purposes,

(b)make different provision for different areas,

(c)make incidental, supplemental, consequential, transitional or saving provision, and

(d)apply to obligations entered into, or debts due to be repaid, before the regulations come into force.

(6)Provision under subsection (5)(c) may amend any provision made by or under—

(a)an Act of Parliament,

(b)in the case where the regulations provide for the scheme to apply in Wales, a Measure or Act of the National Assembly for Wales, and

(c)in the case where the regulations provide for the scheme to apply in Northern Ireland, Northern Ireland legislation.

(7)Regulations under this section are to be made by statutory instrument.

(8)An instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of —

(a)each House of Parliament,

(b)in the case where the regulations provide for the scheme to apply in Wales, the National Assembly for Wales, and

(c)in the case where the regulations provide for the scheme to apply in Northern Ireland, the Northern Ireland Assembly.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

See additional information alongside the content

Show Explanatory Notes for Sections: Displays relevant parts of the explanatory notes interweaved within the legislation content.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources