Regulation 8 Approval of a money adviser
An application to the DAS administrator for approval as a money adviser shall be in form 1.
The DAS administrator shall approve an application under paragraph (1) if satisfied that the applicant is a fit and proper person to be a money adviser.
A person, other than a person specified in regulation 10(2), shall be a fit and proper person to be a money adviser if, but not only if, the person has–
undergone training on the matters specified in Schedule 4; and
a certificate issued by MATRICS stating that the person
has been assessed as possessing the skills and training needed to competently advise a debtor on taking part in a debt payment programme under the debt arrangement scheme; and
is recommended for approval by the DAS administrator as a money adviser.
Approval as a money adviser shall be for a period of 2 years.