Prospective
125Procedure for terminationE+W
This section has no associated Explanatory Notes
(1)Regulations may specify a procedure for terminating the approval of a debt management scheme.
(2)Regulations under this section may, in particular, specify a procedure that requires any or all of the following—
(a)notice of, or the reasons for, an intended termination to be given (whether to the supervising authority, the scheme operator, the Lord Chancellor or any other person);
(b)conditions to be met before a termination takes effect;
(c)a particular period of time to elapse before a termination takes effect.