Applying under regulation 8
To become a DAS approved money adviser you must meet the criteria specified in regulation 8 and you must not be exempt under regulation 10 of the 2011 Regulations.
Where the debtor is a legal person, trust or unincorporated body of persons, the money adviser who advises the debtor must be a qualified Insolvency Practitioner in accordance with Regulation 8A.
Applying under regulation 9
If you do not meet the criteria under regulation 8 and you wish to be approved you can apply to the DAS Administrator under the conditions specified in regulation 9. If you believe that you meet the conditions specified in regulation 9 you can apply to be a DAS approved money adviser either electronically, incorporating an image of the organisation you work for, or in writing to the DAS Administrator
Your application must include
- your name and business address;
- a statement of your suitability to act as a money adviser for the purposes of DAS (why you think you are suitable for this role)
- evidence of any relevant training you’ve undertaken (where possible incorporating dates and details of the training provider) and
- a valid criminal record certificate under Part 5 of the Police Act 1997 (a disclosure Scotland certificate) dated less than 12 months before the date of your application
Schedule 3 (Money Adviser Training) specifies the topics you should have knowledge of to be classified as a fit and proper person to provide advice for debtors for the purposes of DAS.
The DAS Administrator may approve an application, if she is satisfied that you are a fit and proper person as specified in Schedule 3 and are not an exempt person under regulation 10 of the 2011 regulations.
Please be aware that the information you provide will be shared with an independent 3rd party who will assist the DAS Administrator in determining whether or not to approve your application.
The DAS Administrator will aim to respond to your application within 10 days of receipt and the DAS Administrator’s decision is final.