Part 5 E+W Debt management and relief

Prospective

Chapter 4 E+W Debt management schemes

Termination of approval E+W

125 Procedure for termination E+W

(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.