# The Protected Trust Deeds (Scotland) Amendment Regulations 2010, Regulation 8: Amendment of the Protected Trust Deeds (Scotland) Regulations 2008


In regulation 11 (effect of protected status), after paragraph (2) insert—
“(3) Where a secured creditor has consented to be excluded from a trust deed in terms of regulation 5A(c) and the trust deed becomes protected, that creditor is not entitled—
(a) to make a claim under the protected trust deed in respect of any of the debt in respect of which the security is held;
(b) to do diligence against the assets conveyed to the trustee under the protected trust deed; nor
(c) to petition for the sequestration of the debtor during the subsistence of the protected trust deed.”.

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Source: https://www.legislation.gov.uk/sdsi/2010/9780111010488/regulation/8 (the official version)
Page: https://openlegislation.uk/draft-protected-trust-deeds-scotland-amendment-regulations-2010/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.