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Regulation 12 Notices by a money adviser: general

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

A money adviser to a debtor in a debt payment programme shall as soon as is reasonably practicable provide written notice to–

(a)

the DAS administrator of–

(i)

the appointment or resignation, as the case may be, of the adviser; and

(ii)

a change of payments distributor;

(b)

the payments distributor for the programme of the matter specified in paragraph (a)(i); and

(c)

each creditor taking part in the programme of the matters specified in paragraph (a).