Section 113 — Tribunals, Courts and Enforcement Act 2007: Terms of approval

Terms of approval 113 1 The approval of a debt management scheme has effect subject to any relevant terms.

2 Relevant terms are—

a the terms (if any) specified in regulations that relate to the approval, and b the terms (if any) that the supervising authority includes in the approval.

3 Relevant terms may, in particular, deal with all or any of the following—

a the start of the approval;

b the expiry of the approval;

c the termination of the approval, including termination because of the breach of some other term.

4 Relevant terms may, in particular, impose requirements on the scheme operator.

5 Relevant terms may, in particular, relate to any matter listed in Schedule 21.

6 Regulations may make provision about terms that the supervising authority must, or must not, include in an approval.