[F15(1)The Scottish Ministers may by regulations make provision as to—S
(a)the conditions which require to be fulfilled in order for a trust deed to be granted the status of a protected trust deed;
(b)the consequences of a trust deed being granted that status;
(c)the rights of any creditor who does not accede to a trust deed which is granted protected status;
(d)the extent to which a debtor may be discharged, by virtue of a protected trust deed, from his liabilities or from such liabilities or class of liabilities as may be prescribed in the regulations;
(e)the circumstances in which a debtor may bring to an end the operation of a trust deed in respect of which the conditions provided for under sub-paragraph (a) above are not fulfilled;
(f)the administration of the trust under a protected trust deed (including provision about the remuneration payable to the trustee).
(2)Regulations under this paragraph may—
(a)make provision enabling applications to be made to the court;
F2[F3(aa)]. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b)contain such amendments of this Act as appear to the Scottish Ministers to be necessary in consequence of any other provision of the regulations.]
Textual Amendments
F1Sch. 5 para. 5 substituted (19.2.2008) for Sch. 5 paras. 5-13 by Bankruptcy and Diligence etc. (Scotland) Act 2007 (asp 3), ss. 20(1), 227(3) (with s. 223); S.S.I. 2008/45, art. 2 (with art. 3)
F2Sch. 5 para. 5(2)(aa) repealed (30.6.2014) by Bankruptcy and Debt Advice (Scotland) Act 2014 (asp 11), s. 57(2), sch. 4; S.S.I. 2014/172, art. 2, sch.
F3Sch. 5 para. 5(2)(aa) inserted (7.9.2010) by Home Owner and Debtor Protection (Scotland) Act 2010 (asp 6), ss. 13(4), 17(3)(4) (with s, 14); S.S.I. 2010/314, art. 5 (subject to transitional provisions and savings in S.S.I. 2010/316, arts 4-7)
Modifications etc. (not altering text)
C1Sch. 5 para. 5 amendment to transitional provisions in earlier commencing S.S.I. 2008/115, arts. 5, 6 (4.10.2014) by The Bankruptcy and Diligence etc. (Scotland) Act 2007 (Commencement No. 9 and Savings Amendment) Order 2014 (S.S.I. 2014/173), arts. 1(2), 3
F46S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F67. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .[F7]S
F98S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F109S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1110S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
