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Practice notes
Brexit; As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...
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Produced in partnership with Morrison & Foerster LLP 12th Jan
Practice notes
Chapter 4 of the Financial Conduct Authority's (FCA) Conduct of Business sourcebook (COBS 4) contains the conduct of business requirements for...
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9th Nov
Practice notes
This Practice Note looks at the regulated activity of accepting deposits (often referred to as deposit taking). Accepting deposits is a key hallmark...
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9th Nov
Practice notes
The Basel Committee on Banking Supervision (BCBS), consisting of the central banks of governors of the so-called G10 countries (Belgium, Canada,...
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Produced in partnership with Morrison & Foerster LLP 12th Jan
Practice notes
The role of the FCAThe Financial Conduct Authority (FCA) forms part of the regulatory structure for financial services firms. The FCA has a...
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9th Nov
Practice notes
This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the...
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9th Nov
Practice notes
On 10 June 2015, the Fair and Effective Markets Review (FEMR) published its final report. Running to 106 pages, the report covers a wide range of...
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9th Nov
Practice notes
Recognised investment exchangesA recognised investment exchange (RIE) is a UK recognised body under Part XVIII of the Financial Services and Markets...
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9th Nov
Practice notes
BREXIT: As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...
Read More >
9th Nov
Practice notes
BREXIT: The UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. To ensure...
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9th Nov
Practice notes
Authorisation of an authorised unit trust (AUT)What is an AUT?A unit trust is a type of collective investment scheme (CIS) in which the assets are...
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9th Nov
Practice notes
Brexit: As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...
Read More >
9th Nov
Practice notes
This Practice Note provides information relating to the impact of Brexit on the recast Markets in Financial Instruments Directive (Directive...
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9th Nov
Practice notes
This Practice Note provides an overview of the transaction reporting requirements that existed under the Markets in Financial Instruments Directive...
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9th Nov
Practice notes
This Solvency II quick guide details current UK legislation and retained EU legislation in relation to prudential insurance requirements that will be...
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9th Nov
Practice notes
Scope of this Practice NoteThere are several factors to consider when deciding whether or not a credit agreement is regulated under the regulatory...
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9th Nov

Most recent Q&As content

Q&As
‘Relevant persons’ for the purpose of the Money Laundering Regulations 2007 (MLRs)The Money Laundering Regulations 2007, SI 2007/2157 (MLRs 2007)...
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11th Jan
Q&As
Section 82(2) of the Consumer Credit Act 1974 (CCA 1974) says where an agreement (which the CCA 1974 calls a ‘modifying agreement’) varies or...
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Produced in partnership with Russell Kelsall LLB (Hull); LPC (Shef) of TLT 8th Jan
Q&As
General LawIt is not an absolute requirement of the law that customers be notified via a recorded message at the start of a call that their telephone...
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Produced in partnership with Peter Steel of Augury Consulting Limited 8th Jan
Q&As
Is there any legal rule stopping joint bank accounts for multiple customers?No. There is no express rule stopping a firm providing a bank account to...
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Produced in partnership with Russell Kelsall LLB (Hull); LPC (Shef) of TLT 8th Jan
Q&As
The changes to the consumer credit frameworkThe position with secured lending has been significantly complicated by the UK’s implementation of...
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Produced in partnership with Russell Kelsall LLB (Hull); LPC (Shef) of TLT 8th Jan
Q&As
What is the purpose of the APR?The APR is a comparison tool which allows customers to compare one product against the other. It was introduced into...
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Produced in partnership with Russell Kelsall of TLT LLP 8th Jan
Q&As
What temporary guidance has been issued by the FCA?The Financial conduct Authority (FCA) has issued temporary guidance, applying for an initial period...
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Produced in partnership with Russell Kelsall LLB (Hull); LPC (Shef) of TLT 8th Jan
Q&As
Fund investment by a small registered UK Alternative Investment Fund ManagerThe IssueIn answering this Q&A, we have considered the position of a fund...
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Produced in partnership with Lynne Counsell of 9 Stone Buildings 8th Jan
Q&As
The relevant legislation is section 66A of the Consumer Credit Act 1974 (CCA 1974). It was inserted by the Consumer Credit (EU Directive) Regulations...
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Produced in partnership with Fred Philpott of Gough Square Chambers 8th Jan
Q&As
There are two schools of thought on how Brexit may prevent the Financial Transactions Tax (FTT) proposals from affecting the UK. The first is a policy...
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Produced in partnership with Hilary Barclay of Burges Salmon 8th Jan
Q&As
The issue is one which remains open to interpretation since the relevant provisions have only ever been considered once by the County Court and, even...
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Produced in partnership with Thomas Samuels of Gough Square Chambers 8th Jan

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