{
  "url": "https://openlegislation.uk/draft-debt-arrangement-scheme-scotland-amendment-regulations-2014/regulation-7",
  "json_url": "https://openlegislation.uk/draft-debt-arrangement-scheme-scotland-amendment-regulations-2014/regulation-7.json",
  "legislation": "sdsi/2014/9780111024416",
  "legislation_title": "The Debt Arrangement Scheme (Scotland) Amendment Regulations 2014",
  "legislation_url": "https://openlegislation.uk/draft-debt-arrangement-scheme-scotland-amendment-regulations-2014",
  "path": "regulation/7",
  "kind": "regulation",
  "number": "7",
  "heading": "Functions and duty of a money adviser",
  "text": "In regulation 12 (functions and duty of a money adviser)—\n(a) in paragraph (3), after “to a debtor” where it first occurs insert “or advises a debtor which is a legal person, trust or unincorporated body of persons”;\n(b) in both heads (i) and (ii) of paragraph (3)(b), after “adviser” insert “or any nominated person under regulation 22A(7)(b)”;\n(c) after paragraph (3)(b)(ii)—\n(i) omit “and”; and\n(ii) insert—\n“(iia) on any resignation, the full name and business address of the replacement money adviser or nominated person; and”; and\n(d) after regulation 12 insert—\n“Additional functions and duty of a money adviser: legal persons and other entities\n12A. Where the debtor is a legal person, trust or unincorporated body of persons a money adviser must—\n(a) in any review under regulation 12(3)(a) include a declaration of viability;\n(b) if unable to make such a declaration because the money adviser considers the debtor does not meet the requirements contained in regulation 22A(7)(c), apply as soon as reasonably practicable for revocation under regulation 41; and\n(c) on becoming aware of information which causes the adviser to believe that a ground for revocation under regulation 42(1) is met, apply as soon as reasonably practicable for revocation under regulation 41.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/sdsi/2014/9780111024416/regulation/7",
    "retrieved_at": "2026-10-30T15:35:39.821244+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}