Section 111 — Tribunals, Courts and Enforcement Act 2007: Approval by supervising authority

Approval by supervising authority 111 1 The supervising authority may approve one or more debt management schemes.

2 Regulations may make provision about any or all of the following—

a conditions that must be met before the supervising authority may approve a debt management scheme;

b considerations that the supervising authority must, or must not, take into account in deciding whether to approve a debt management scheme.

3 Regulations under this section may, in particular, make provision about conditions or considerations that relate to any matter listed in Schedule 21.

4 The supervising authority may approve a debt management scheme whether a body is—

a operating the scheme at the time of the approval, or b proposing to operate the scheme from a time in the future.