Legislation – Tribunals, Courts and Enforcement Act 2007
Changes to legislation:
Tribunals, Courts and Enforcement Act 2007, Section 125 is up to date with all changes known to be in force on or before 12 April 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.![]()
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Part 5Debt management and relief
Chapter 4Debt management schemes
Termination of approval
125Procedure for termination
(1)
Regulations may specify a procedure for terminating the approval of a debt management scheme.
(2)
Regulations under this section may, in particular, specify a procedure that requires any or all of the following—
(a)
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);
(b)
conditions to be met before a termination takes effect;
(c)
a particular period of time to elapse before a termination takes effect.