Tribunals, Courts and Enforcement Act 2007 (c. 15)

Part 5 E+W Debt management and relief

Prospective

Chapter 4 E+W Debt management schemes

Termination of approval E+W

127 Alternatives to termination E+W

(1) Regulations may make provision to allow the supervising authority to deal with a termination case other than by terminating the approval.

(2) A termination case is a case in which the supervising authority would be entitled to terminate the approval of a debt management scheme.

(3) Regulations under this section may, in particular, make provision to allow the supervising authority to transfer the operation of the scheme—

(a) to itself, or

(b) to any other body.