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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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9th Nov
Practice notes
The debt sale and purchase market in the UKThe debt sale and purchase market has for some time been very active throughout the UK. It is an important...
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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
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: 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
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
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
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 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
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
Disciplinary powers of the FCAThe disciplinary powers of the Financial Conduct Authority (FCA) are found in Part XIV of the Financial Services and...
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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 >
Produced in partnership with Ms Elizabeth Budd of Pinsent Masons 12th Jan
Practice notes
Background to the Single RulebookHistorically, the European Commission (Commission) favours using Directives (rather than Regulations) to set out its...
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Produced in partnership with DLA Piper 12th Jan
Practice notes
The Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of business by a regulated firm relevant to...
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9th Nov
Practice notes
BREXIT: UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further...
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9th Nov
Practice notes
The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive...
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9th Nov

Most recent Q&As content

Q&As
A contract of insuranceThere is no statutory definition of an insurance contract, despite the fact that effecting and carrying out contracts of...
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28th Nov
Q&As
Rules in Chapter 8 of the Compensation sourcebook (COMP) give the Financial Services Compensation Scheme (FSCS) the power to reject an application for...
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28th Nov
Q&As
Appointed representatives are by definition not authorised persons and are exempt from the need to obtain an authorisation, though certain individuals...
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28th Nov
Q&As
A collective investment scheme (CIS) is a form of investment fund and is defined in section 235 of the Financial Services and Markets Act 2000....
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28th Nov
Q&As
Our Practice Notes Obligations of controllers—acquiring and increasing control and Obligations of controllers—reducing or ceasing control set out...
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28th Nov
Q&As
We have assumed that the finance agreement is one to which Part V of the Consumer Credit Act 1974 (CCA 1974) applies.We refer you to CCA 1974, s 73...
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28th Nov
Q&As
For the purposes of this Q&A we have assumed that disciplinary action has been carried out and we have focussed on when notifications are required....
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28th Nov
Q&As
The regulation of consumer creditRegulation of consumer credit now sits with the Financial Conduct Authority (FCA). In consequence, parts of the...
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28th Nov
Q&As
Under section 19 of the Financial Services and Markets Act 2000 (FSMA 2000), a person cannot carry out a regulated activity, or purport to do so, in...
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28th Nov
Q&As
Entering into a regulated credit agreement as a lender is a specified (regulated) kind of activity unless it is an exempt agreement under articles 60C...
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28th Nov
Q&As
For the purposes of this Q&A, we presume that the debt collection firm has been instructed by the Financial Conduct Authority (FCA) authorised...
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28th Nov
Q&As
A collective investment scheme (CIS) is a form of investment fund and is defined in Section 235 of the Financial Services and Markets Act 2000 (FSMA...
Read More >
28th Nov
Q&As
What is a default notice?A default notice is a notice that must be served on a borrower under a regulated agreement, where that borrower is in breach...
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28th Nov
Q&As
The Basel Accords—Basel I, II and IIIThe Basle (or Basel) Capital Convergence Agreement of July 1988, is the original text of the first Basel Capital...
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28th Nov
Q&As
The regulation of consumer creditThe regulation of consumer credit sits with the Financial Conduct Authority. Parts of the Consumer Credit Act 1974...
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28th Nov

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