Part 5Debt management and relief
Chapter 4Debt management schemes
Termination of approval
127Alternatives to termination
1
Regulations may make provision to allow the supervising authority to deal with a termination case other than by terminating the approval.
2
A termination case is a case in which the supervising authority would be entitled to terminate the approval of a debt management scheme.
3
Regulations under this section may, in particular, make provision to allow the supervising authority to transfer the operation of the scheme—
a
to itself, or
b
to any other body.