Regulation 11 Application for approval: legal persons and other entities

After regulation 20(4) (intimation of withdrawal) insert—

“(4A)

Where the debtor is a legal person, trust or unincorporated body of persons—

(a)

“habitually resident in Scotland” in paragraph (1) is to be taken to mean—

(i)

having an established place of business in Scotland; or

(ii)

constituted or formed under Scots law, and at any time carrying on business in Scotland^f1; and

(b)

intimation under paragraph (4) may be given by a nominated person or a money adviser on the debtor’s behalf.”.