PART 2MONEY ADVISERS

Approved categories of money advisers8.

A person, other than a person specified in regulation 10, is an approved money adviser if the person—

(a)

is qualified to act as an insolvency practitioner in accordance with section 390 of the 1986 Act6;

(b)

is an individual who works for such an insolvency practitioner and has been given authority by that practitioner to act on the practitioner’s behalf as a money adviser for the purposes of the debt arrangement scheme;

(c)

works as a money adviser for organisations which have been awarded accreditation at Type 2 level or above against the Scottish National Standards for Information and Advice Provision; or

(d)

works as a money adviser for a citizens advice bureau which is a full member of the Scottish Association of Citizens Advice Bureaux – Citizens Advice Scotland;

(e)

works as a money adviser for a local authority; or

(f)

is approved by the DAS Administrator under regulation 9.