Part 5Debt management and relief
Chapter 4Debt management schemes
Approval of schemes
113Terms of approval
1
The approval of a debt management scheme has effect subject to any relevant terms.
2
Relevant terms are—
a
the terms (if any) specified in regulations that relate to the approval, and
b
the terms (if any) that the supervising authority includes in the approval.
3
Relevant terms may, in particular, deal with all or any of the following—
a
the start of the approval;
b
the expiry of the approval;
c
the termination of the approval, including termination because of the breach of some other term.
4
Relevant terms may, in particular, impose requirements on the scheme operator.
5
Relevant terms may, in particular, relate to any matter listed in Schedule 21.
6
Regulations may make provision about terms that the supervising authority must, or must not, include in an approval.