PART 2MONEY ADVISERS

Approved categories of money advisers8

A person, other than a person specified in regulation 10, is an approved money adviser if the person—

a

is qualified to act as an insolvency practitioner in accordance with section 390 of the 1986 Act6;

b

is an individual who works for such an insolvency practitioner and has been given authority by that practitioner to act on the practitioner’s behalf as a money adviser for the purposes of the debt arrangement scheme;

c

works as a money adviser for organisations which have been awarded accreditation at Type 2 level or above against the Scottish National Standards for Information and Advice Provision; or

d

works as a money adviser for a citizens advice bureau which is a full member of the Scottish Association of Citizens Advice Bureaux – Citizens Advice Scotland;

e

works as a money adviser for a local authority; or

f

is approved by the DAS Administrator under regulation 9.