# The Debt Arrangement Scheme (Scotland) Regulations 2004, Regulation 8: Approval of a money adviser


(1) An application to the DAS administrator for approval as a money adviser shall be in form 1.
(2) 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.
(3) 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–
(a) undergone training on the matters specified in Schedule 4; and
(b) a certificate issued by MATRICS stating that the person
(i) 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
(ii) is recommended for approval by the DAS administrator as a money adviser.
(4) Approval as a money adviser shall be for a period of 2 years.

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Source: https://www.legislation.gov.uk/sdsi/2004/0110626400/regulation/8 (the official version)
Page: https://openlegislation.uk/draft-debt-arrangement-scheme-scotland-regulations-2004/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.