Part 5Debt management and relief
Chapter 4Debt management schemes
Effects of end of approval
128Effects of end of approval
1
Regulations may make provision about the effects if the approval of a debt management scheme comes to an end.
2
Regulations under this section may, in particular, make provision about the treatment of debt repayment plans arranged for non-business debtors before the scheme came to an end.
3
That includes provision to treat a plan—
a
as though the approval had not come to an end, or
b
as though the plan had been made in accordance with a different approved scheme.
4
Regulations under this section may, in particular, make provision about cases where, at the time the scheme comes to an end, the scheme operator is in breach of a relevant obligation.
5
That includes provision to ensure that the operator is not released from the relevant obligation by virtue of the termination.
6
In subsections (4) and (5) “relevant obligation” means any obligation (including a requirement or condition) however arising, that relates to—
a
the scheme in question (including its operation),
b
the approval of that scheme, or
c
the termination of that approval.