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The Debt Arrangement Scheme (Scotland) Regulations 2011
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- Scottish Statutory Instruments
- 2011 No. 141
- PART 3
- Regulation 15
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Revocation of approval of a payments distributor
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15. The DAS Administrator may revoke the approval of a payments distributor where—
(a)the distributor fails without good reason to comply with a condition attached to the approval;
(b)the DAS Administrator is satisfied that the distributor is no longer a fit and proper person to be a distributor; or
(c)in the opinion of the DAS Administrator the distributor—
(i)has failed without good cause to carry out a function of a distributor under the Act or under these Regulations; and
(ii)continues to fail to carry out that function, after 2 weeks from the date of written notice to the distributor of that failure;
(d)in the opinion of the DAS Administrator the distributor fails to comply without good reason with any condition to which the approval is subject under regulation 14(5).
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