Regulation 12A Additional functions and duty of a money adviser: legal persons and other entitiesF1
Where the debtor is a legal person, trust or unincorporated body of persons a money adviser must—
in any review under regulation 12(3)(a) include a declaration of viability;
if unable to make such a declaration because the money adviser considers the debtor does not meet the requirements contained in regulation 22A(7)(c), apply as soon as reasonably practicable for revocation under regulation 41; and
on becoming aware of information which causes the adviser to believe that a ground for revocation under regulation 42(1) is met, apply as soon as reasonably practicable for revocation under regulation 41.
Annotations
Textual amendments
- F1
Reg. 12A inserted (11.12.2014) by The Debt Arrangement Scheme (Scotland) Amendment Regulations 2014 (S.S.I. 2014/294), regs. 1(2), 7(d)