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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—

(a)

in any review under regulation 12(3)(a) include a declaration of viability;

(b)

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

(c)

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)