Legislation – Tribunals, Courts and Enforcement Act 2007
Changes to legislation:
Tribunals, Courts and Enforcement Act 2007, Section 127 is up to date with all changes known to be in force on or before 05 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.![]()
Changes to Legislation
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Part 5Debt management and relief
Chapter 4Debt management schemes
Termination of approval
127Alternatives to termination
(1)
Regulations may make provision to allow the supervising authority to deal with a termination case other than by terminating the approval.
(2)
A termination case is a case in which the supervising authority would be entitled to terminate the approval of a debt management scheme.
(3)
Regulations under this section may, in particular, make provision to allow the supervising authority to transfer the operation of the scheme—
(a)
to itself, or
(b)
to any other body.