# The Debt Arrangement Scheme (Scotland) Amendment Regulations 2014, Regulation 5: Approved money adviser for legal persons and other entities


(1) For regulation 7(3) (debtor to have approved money adviser), substitute—
“(3) The money adviser who advises a debtor and intends to resign must assist a debtor in finding a replacement money adviser before the money adviser resigns.”.
(2) After regulation 8 (approved categories of money advisers), insert—
“Approved money advisers: legal persons and other entities
8A. Where the debtor is a legal person, trust or unincorporated body of persons, the money adviser who advises the debtor must be a money adviser in the category specified in regulation 8(a).”.

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Source: https://www.legislation.gov.uk/sdsi/2014/9780111024416/regulation/5 (the official version)
Page: https://openlegislation.uk/draft-debt-arrangement-scheme-scotland-amendment-regulations-2014/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.