# The Bankruptcy (Scotland) Regulations 2016, Regulation 4: Approved categories of money advisers


Subject to regulation 5, the following classes of persons are prescribed for the purposes of section 4(2)(b) of the Act as money advisers—
(a) persons who—
(i) are qualified to act as insolvency practitioners in accordance with sections 390 of the Insolvency Act 1986 who are fully authorised, or partially authorised so to act in relation to individuals, within the meaning of 390A of that Act; or
(ii) work for such an insolvency practitioner, who have been given authority by that insolvency practitioner to act on his or her behalf in providing money advice under the Act; and
(b) persons who—
(i) work as money advisers for organisations which have been awarded accreditation at Type 2 level or above against the Scottish National Standards for Information and Advice Provision; or
(ii) are approved for the purposes of the Debt Arrangement Scheme; or
(iii) work as money advisers for a citizens advice bureau which is a full member of the Scottish Association of Citizens Advice Bureaux – Citizens Advice Scotland; or
(iv) work as money advisers for a local authority.

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Source: https://www.legislation.gov.uk/sdsi/2016/9780111033159/regulation/4 (the official version)
Page: https://openlegislation.uk/draft-bankruptcy-scotland-regulations-2016/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.