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Practice notes
Application of the FCA's COBS 4 rulesBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
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19th May
Practice notes
Remuneration Code for BIPRU firmsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation...
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19th May
Practice notes
Mortgage and home finance conduct of business—responsible lending, charges and arrears requirementsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP...
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19th May
Practice notes
FCA regulation of claims management companies—essentialsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
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Produced in partnership with Nicholas Thompsell of Fieldfisher 19th May
Practice notes
Exempt consumer credit agreements under the FSMA 2000 (Regulated Activities) Order 2001This Practice Note seeks to explain the types of agreements...
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Produced in partnership with Rebecca Kellner of Orrick, Herrington & Sutcliffe and Jacqui Hatfield of Orrick, Herrington & Sutcliffe 19th May
Practice notes
Interaction between the PRA, FCA and FPCBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
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19th May
Practice notes
What are regulated activities?Under the general prohibition a person cannot carry out a regulated activity, or purport to carry out a regulated...
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19th May
Practice notes
FCA client classification requirementsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
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19th May
Practice notes
The Financial Services Compensation SchemeBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
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Produced in partnership with Honor Levy of LexisNexis 19th May
Practice notes
The general prohibition and implications of its breachThe general prohibitionUnder section 19 of the Financial Services and Markets Act 2000 (FSMA...
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19th May
Practice notes
Recognised investment exchangesBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation...
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19th May
Practice notes
Part VII Transfer of Banking BusinessSummaryAs noted in Practice Note: Insurance business transfer schemes, a regime for transferring portfolios of...
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19th May
Practice notes
Conduct Rules for SM&CR FirmsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation...
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Produced in partnership with Mark Compton and Lauren Smith of Mayer Brown International LLP 19th May
Practice notes
Appointed representativesBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...
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19th May
Practice notes
Financial Conduct Authority—authorisationBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
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19th May

Most recent Q&As content

Q&As
A family member is looking to loan a sum of money to another family member. The loan will be interest bearing and will not be secured. Would this loan...
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5th Jun
Q&As
Could you direct me as to where I can find relevant information regarding the general legal and regulatory environment surrounding fintech and...
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5th Jun
Q&As
In relation to transferring an account from one bank to a new bank, are there any specific obligations on timing or efficiency that a bank has to its...
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5th Jun
Q&As
What degree of reputational risk is needed for a firm to give notice to the Financial Conduct Authority (FCA) under principle 11 and SUP 15.3 of the...
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5th Jun
Q&As
If a customer cancels a hire-purchase agreement within the prescribed period, what are the consequences of such a cancellation? Are they entitled to...
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Produced in partnership with Fred Philpott of Gough Square Chambers 5th Jun
Q&As
Does the consumer credit regime (as applicable under FSMA) apply to loans by a private company to its directors/shareholders?Loans to employeesIf a...
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5th Jun
Q&As
Are there are any consultation papers or proposals for amending the Consumer Credit Act 1974 in relation to notices of sums in arrears in light of the...
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Produced in partnership with Russell Kelsall LLB (Hull); LPC (Shef) of TLT 5th Jun
Q&As
Where a creditor has the right to change the interest rate on a CCA regulated mortgage/secured personal loan, do they have to notify each party to the...
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Produced in partnership with Thomas Samuels of Gough Square Chambers 5th Jun
Q&As
Does the exemption in section 58(2)(a) of the Consumer Credit Act 1974 apply to restricted-use credit agreements to refinance agreements which...
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5th Jun
Q&As
What constitutes ‘enforcement’ under section 126 of the Consumer Credit Act 1974?There is currently considerable discussion about what enforcement...
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5th Jun
Q&As
If a client pays their insurance by monthly instalments contracted for a year is this a credit agreement? If yes, is this an exempt consumer credit...
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5th Jun
Q&As
Is a commercial organisation required by the GDPR or any other data/privacy regulation to notify a customer via a recorded message at the start of a...
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Produced in partnership with Peter Steel of Augury Consulting Limited 5th Jun
Q&As
Are HP agreements (as opposed to straight hire agreements) exempt from the provisions of the Consumer Credit Act (as amended)?BREXIT: 11pm (GMT) on 31...
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5th Jun
Q&As
Can a consumer credit debt be sold to a third party debt purchaser?BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the...
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5th Jun

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