1. Debt Arrangement Scheme update
DAS
Debt Arrangement Scheme update
An agency of

2. Introduction DAS Regulations 2018 Currently laid before parliament
Available on legislation.gov website
Anticipate implementation circa October/November
Same day as SFS

3. DAS Consultation Key changes: CFT detach from proposal
Interface with the SFS
All debts clause
Family home as discretionary condition
Access to credit
Visibility of CMA fee

4. DAS Consultation Administrative changes:
Expand variation criteria for payment breaks (e.g. benefit reduction)
CMAs issuing all circulars except revocation proposal to debtor
Applying compensation as auto approval
Improved flexibility for reg 4A
Case sensitivity aligned with the RoI
        CMA     MA      New case proposal       CMA issues proposal             New case decision debtor        CMA issues              New case decision creditor      CMA issues              Variation proposal debtor       CMA issues              Variation proposal creditor     CMA issues              Variation outcome debtor        We issue                Variation outcome creditor      We issue                Revocation proposal debtor      We issue                Revocation proposal creditor    CMA issues              Revocation decision debtor      CMA issues              Revocation decision creditor    CMA issues             

5. Implications to consider
Debtor cannot vary DPP to add in newly incurred debt
New creditor outwith the DPP can apply for revocation if new debt defaults
CMA fee cannot be considered a ground for rejection under fair and reasonable
What next? (bureaucracy, eDEN, DAS Admin as Payments Distributor, improve variations!)
DAS regulatory review working group established and due to meet next month

6. Thank You Kelly Donohoe Head of DAS and PTDs 0300 200 2853