5. Compliance with OFT Debt Management Guidance Notes
It is a requirement of membership of DEMSA that the “Debt Management Guidance Notes” published by the OFT in December 2001, and any future issues, revisions or commentaries are fully complied with. (See Debt Management Guidance, September 2008 – OFT 366) The Debt Management Guidance places important obligations on DEMSA members, to which reference is not always made in the Code. To that end, whilst the DEMSA Code of Conduct is an extension of, and in addition to these guidelines, where any point is not specifically covered in the Code, then the relevant part of the Debt Management Guidance Notes must be applied.
The Debt Management Guidance Notes are available by following the link from the DEMSA website, www.demsa.co.uk or by visiting the OFT website, www.oft.gov.uk.
