Section 125: Procedure for termination

Tribunals, Courts and Enforcement Act 2007 · 2007 c. 15View on legislation.gov.uk

Part 5: Debt management and relief — Chapter 4: Debt management schemes

Regulations may specify a procedure for terminating the approval of a debt management scheme.

Regulations under this section may, in particular, specify a procedure that requires any or all of the following—

notice of, or the reasons for, an intended termination to be given (whether to the supervising authority, the scheme operator, the Lord Chancellor or any other person);
conditions to be met before a termination takes effect;
a particular period of time to elapse before a termination takes effect.

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