# The Debt Arrangement Scheme (Scotland) Regulations 2004, Regulation 10: Persons who may not be approved


(1) A person specified in paragraph (2) shall not be a money adviser.
(2) A specified person is–
(a) a sheriff officer or messenger-at-arms, or an employee of such a person;
(b) a person or body providing financial services, or financial advice other than money advice, in the course of a business or otherwise for profit, or an employee of such a person, unless the person is a–
(i) solicitor;
(ii) chartered or certified accountant;
(iii) a credit union registered under the Industrial and Provident Societies Act 1965 by virtue of section 1 (registration under the Industrial and Provident Societies Act 1965) of the Credit Unions Act 1979;
(c) a person providing debt collection services, or an employee of such a person;
(d) a person convicted of an offence involving theft, fraud or other dishonesty;
(e) a debtor whose estate has been sequestrated, and who has not been discharged under sections 54 (automatic discharge after 3 years) or 75 (amendments, repeals and transitional provisions) of the 1985 Act;
(f) a bankrupt, who has not been discharged under sections 279 (duration) or 280 (discharge by order of the court) of the 1986 Act;
(g) a person subject to a bankruptcy restrictions order (including an interim order) or bound by a bankruptcy restrictions undertaking, under Schedule 4A (bankruptcy restrictions order and undertaking) of the 1986 Act;
(h) a person who has entered into a trust deed or protected trust deed for their creditors, and who has not been discharged from that deed; or
(i) a person in respect of whom a court has made a disqualification order under section 1, or who has had a disqualification undertaking accepted under section 2, of the Company Directors Disqualification Act 1986.

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Source: https://www.legislation.gov.uk/sdsi/2004/0110626400/regulation/10 (the official version)
Page: https://openlegislation.uk/draft-debt-arrangement-scheme-scotland-regulations-2004/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.