ENF 10.10 The FSA's policy: applications for orders against debt avoidance

When it decides whether to make an application for an order against debt avoidance, the FSA will consider all relevant factors, including the following:

1. (1)

   the extent to which the relevant transactions involved dealings in consumers' funds;

2. (2)

   whether it would be appropriate to petition for a winding-up order, bankruptcy order, or sequestration award, in relation to the debtor and the extent to which the transaction could properly be dealt with in that winding up, bankruptcy or sequestration;

3. (3)

   the number of consumers or other creditors likely to be affected and their ability to make an application of this nature; and

4. (4)

   the size of the transaction.