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

Part 5 E+W Debt management and relief

Prospective

Chapter 4 E+W Debt management schemes

Approval of schemes E+W

111 Approval by supervising authority E+W

(1) The supervising authority may approve one or more debt management schemes.

(2) Regulations may make provision about any or all of the following—

(a) conditions that must be met before the supervising authority may approve a debt management scheme;

(b) considerations that the supervising authority must, or must not, take into account in deciding whether to approve a debt management scheme.

(3) Regulations under this section may, in particular, make provision about conditions or considerations that relate to any matter listed in Schedule 21.

(4) The supervising authority may approve a debt management scheme whether a body is—

(a) operating the scheme at the time of the approval, or

(b) proposing to operate the scheme from a time in the future.