Regulation 3 Appointment of Scheme Administrator

(1)

The Department may appoint a person who has applied to the Department to establish and maintain a tenancy deposit scheme of a description prescribed in Part 3 where the Department has approved that application under the Regulations.

(2)

The Department must not approve an application where the applicant:—

(a)

has been convicted of any offence involving fraud or dishonesty;

(b)

is a bankrupt, F1or is the subject of a bankruptcy restrictions order; or

F2(ac)

he is a person in relation to whom a moratorium period under a debt relief order applies or he is the subject of a debt relief restrictions order ; or

(c)

is disqualified from being a director of a company.

Annotations

Textual amendments

F1: Words in reg. 3(2)(b) inserted (21.4.2015) by The Insolvency (Northern Ireland) Order 2005 (Consequential Amendments) Order (Northern Ireland) 2015 (S.R. 2015/159), art. 1, Sch. para. 50(3)
F2: Reg. 3(2)(ac) inserted (7.3.2016) by The Debt Relief Act (Northern Ireland) 2010 (Consequential Amendments) Order (Northern Ireland) 2016 (S.R. 2016/108), art. 1, Sch. para. 58(3)