Part 1: Financial Guidance Etc Objectives and functions of the single financial guidance body Section 6: Debt respite scheme: advice to the Secretary of State
Subsection (1) requires the Secretary of State to seek advice from the single financial guidance body on the establishment of a debt respite scheme, within three months of the new body’s establishment.
	Subsection (2) describes what the debt respite scheme is designed to do. It can do one or more of a) protect indebted individuals from further interest and charges, b) protect indebted individuals from enforcement action from their creditors, or c) ensure that debtors and creditors can devise a plan to repay some or all of their debts affordably.
	Subsection (3) states what kind of issues the Secretary of State may request the single financial guidance body provide advice on, in respect of the design, operation and implementation of the scheme. The Secretary of State may also ask for advice on aspects of a debt respite scheme that are not listed in the subsection.
	Subsection (4) states that the single financial guidance body must provide the advice sought by the Secretary of State within 12 months of its establishment.
	Subsection (5) states that the Secretary of State must publish the advice.