# The Common Financial Tool (Scotland) Regulations 2018, Paragraph 3: The Bankruptcy (Money Advice and Deduction from Income etc.) (Scotland) Regulations 2014


(1) In regulation 2 (interpretation) after the definition of “common financial tool” insert—
““single financial guidance body” means the body established under section 1 (the single financial guidance body) of the Financial Guidance and Claims Act 2018 (irrespective of any changes to the name of that body); and
“Standard Financial Statement” means the style and format for income and expenditure categories under that title (and, where relevant, related spreadsheets, budget sheets, trigger figures, guidance materials and notes) published by the Money Advice Service or by the single financial guidance body.”.
(2) In regulation 4(1) (persons who may not be approved money advisers), for sub-paragraph (g) substitute—
“(g) persons without a licence authorising their use of the Standard Financial Statement, where such a licence is required;”.

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Source: https://www.legislation.gov.uk/sdsi/2018/9780111039793/schedule/5/paragraph/3 (the official version)
Page: https://openlegislation.uk/draft-common-financial-tool-scotland-regulations-2018/schedule-5/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.