The Common Financial Tool (Scotland) Regulations 2018
1Citation and commencement
2Interpretation
3Amendment of the Bankruptcy (Scotland) Regulations 2016
4Amendment of the Protected Trust Deeds (Forms) (Scotland) Regulations 2016
5Amendment of the Debt Arrangement Scheme (Scotland) Regulations 2011
6Sequestrations and trust deeds before 29th October 2018
7Debt payment programmes before 29th October 2018
SCHEDULE 1Bankruptcy (Scotland) Regulations 2016 – Form 1(Debtor Application)
SCHEDULE 2Bankruptcy (Scotland) Regulations 2016 – Form 23(Debtor’s Account of Current State of Affairs)
SCHEDULE 3Protected Trust Deeds (Forms) (Scotland) Regulations 2016 - Form 2A(Income and Expenditure)
SCHEDULE 4Debt Arrangement Scheme (Scotland) Regulations 2011 - Form 1(Application for approval of a debt payment programme: individuals)
SCHEDULE 5Sequestrations and trust deeds before 30th November 2016
1Modification of saved regulations
2The Common Financial Tool etc. (Scotland) Regulations 2014
3The Bankruptcy (Money Advice and Deduction from Income etc.) (Scotland) Regulations 2014
Draft Regulations laid before the Scottish Parliament under section 225(4)(a) of the Bankruptcy (Scotland) Act 2016, section 62(4) of the Debt Arrangement and Attachment (Scotland) Act 2002, and section 72(2) and (3)(a)(iib),(iic) and (b) of the Bankruptcy (Scotland) Act 1985 for approval by resolution of the Scottish Parliament.
2018 No.
Bankruptcy
Debt

The Common Financial Tool (Scotland) Regulations 2018

Made2018
Coming into force
The Scottish Ministers make the following Regulations in exercise of the powers conferred by sections 4(2)(b), 89, 170(1)(d)(ii), 194(1) and (3), 224(1) and 225(2) of the Bankruptcy (Scotland) Act 20161 (“the 2016 Act”), sections 2(3)(d), 7(2)(bd) and 62(2)(a) of the Debt Arrangement and Attachment (Scotland) Act 20022 (“the 2002 Act”), sections 5C(2)(b), 5D, 71C, 72(1A) and paragraph 5 of schedule 5 of the Bankruptcy (Scotland) Act 19853 (“the 1985 Act”), and all other powers enabling them to do so.
In accordance with section 225(4)(a) of the 2016 Act, section 62(4) of the 2002 Act4 and section 72(2) and (3)(a)(iib), (iic) and (b) of the 1985 Act5, a draft of this instrument has been laid before and approved by resolution of the Scottish Parliament.