Regulation 6 Money adviser fees

(1)

In the definition of “continuing liability” in regulation 2(1) (interpretation: general)—

(a)

after sub-paragraph (i) omit “and”; and

(b)

after sub-paragraph (j) insert

“and;

(k)
a fee charged to a debtor by a money adviser;”.

(2)

At the end of regulation 3(2)(b) (interpretation: debt), insert—

“;

(c)
as a fee charged by a money adviser for the money adviser’s services in the debt payment programme in respect of which the services are provided”.

(3)

In regulation 12 (functions and duty of a money adviser), in paragraph (3)—

(i)

after sub-paragraph (a) omit “and”; and

(ii)

at the end of sub-paragraph (b) insert—

“; and

(c)
provide, as required by the DAS Administrator, information about the amount charged as a fee to a debtor for the adviser’s services in a debt payment programme”.