Peer to peer definition

View the related flowcharts about Peer to peer

SAR glossary codes and additional reporting routes—flowchart

SAR glossary codes and additional reporting routes—flowchart This Flowchart illustrates the most commonly used National Crime Agency (NCA) glossary codes to use when completing a Suspicious Activity Report (SAR) via the SAR Portal, and the additional reporting routes you should consider. The full list of SAR Glossary Codes can be found in SAR Glossary Codes and Reporting Routes. Note 1 SARs regime The SARs regime is not intended as a means of reporting crime or matters relating to immediate risks to others. The SARs regime is designed for the purpose of reporting knowledge or suspicions of money laundering or terrorist financing under the Proceeds of Crime Act 2002 (POCA 2002) and the Terrorism Act 2000 (TA 2000). In addition to submitting a SAR to the NCA, you may therefore need to report the matter via other routes, eg where a crime is in progress or there is an immediate risk to a person. We have flagged where this may be appropriate. If possible, you should make these additional reports...

Copyright infringement action—flowchart

Copyright infringement action—flowchart Stage 1—preparing to bring a claim and pre-action matters Claim preparation and pre-action matters—Practice Notes • Copyright―protectable works • Copyright—subsistence and qualification • Copyright—authorship and ownership • Copyright infringement • Interim and final injunctions—overview • Copyright—permitted acts and defences • Copyright—secondary infringement • How to run an IP dispute • Disclosure scheme—overview • Types of dispute resolution • IP and mediation • IP and arbitration • UK Intellectual Property Office—mediation scheme Claim preparation and pre-action matters—Precedents • Cease and desist letter—IP infringement Claim preparation and pre-action matters—Checklist • Disclosure Scheme timetable—checklist Claim preparation and pre-action matters—Forms • Application for injunction • Application notice • Notice of hearing of application Claim preparation and pre-action matters—News Analysis • The use of intellectual property insurance Stage 2—letter of claim alleging copyright infringement Letter alleging copyright infringement—Practice Notes • Copyright infringement • How to draft a letter of claim in an IP dispute • Unjustified threats of intellectual property right infringement • Civil and criminal remedies for intellectual property...

View the related practice notes about Peer to peer

Responsible lending requirements—CONC 5

Responsible lending requirements—CONC 5 This Practice Note looks at the Financial Conduct Authority’s (FCA) Consumer Credit Sourcebook (CONC) chapter 5 (CONC 5) concerning rules and guidance on responsible lending requirements, including the requirement to conduct a creditworthiness assessment before entering into an agreement and conduct of business in relation to credit brokering. Background Creditworthiness comprises credit risk (to the firm) and affordability (for the customer/borrower). Although firms will usually have a strong commercial incentive to assess credit risk, including the probability of default, they may have less incentive to assess the risk that the credit will impact negatively on the customer’s/borrower’s wider financial situation in particular where these customers/borrowers will still be profitable for the firm. Therefore, the FCA’s rules and guidance in CONC 5 require firms to make a reasonable assessment, not just of whether the customer/borrower will repay, but also of their ability to repay affordably and without this significantly affecting their wider financial situation. The FCA’s rules have been designed to not be...

Operating an electronic system in relation to consumer lending

Operating an electronic system in relation to consumer lending Under article 36H of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, SI 2001/544 (RAO), operating an electronic system in relation to lending in the UK, by way of business, is a regulated activity. This Practice Note examines the scope of the regulated activity including the main elements of operating an electronic system in relation to lending, the rules applicable to firms authorised to operate an electronic system in relation to lending and relevant exclusions from the regulated activity. Regulated activities—general Section 19(1) of the Financial Services and Markets Act 2000 (FSMA 2000) provides that a person cannot carry on a regulated activity in the UK unless they are an authorised person or exempt. In accordance with FSMA 2000, s 22, for an activity to constitute a regulated activity, it must be carried out 'by way of business'. According to the Financial Conduct Authority’s (FCA) Perimeter Guidance Manual (PERG 2.3.3 G), whether or not an activity is carried...

View the related precedents about Peer to peer

Letter of claim—peer-to-peer copyright infringement

Letter of claim—peer-to-peer copyright infringement Letter of claim [Alleged infringer’s name and address] [Date] Dear [insert organisation name] Copyright infringement: [Name and description of copyright works] We are writing on behalf of [name and address of client] (‘our client’). We are writing to you about your activities and actions, which amount to an infringement of our client’s copyright. [Name of client] Our client operates in [describe: eg the computer games industry; what the copyright owner does; who in the company produces the copyright works, if relevant, how they are employed and what the copyright work is. Define or give the name of the copyright work]. Our client is the [owner OR owner-assignee OR non-exclusive licensee OR exclusive licensee] of copyright in the copyright work, a copy of which is available for inspection at our offices on request. [In accordance with section 11(2) of the Copyright Designs and Patents Act 1988 (CDPA 1988), our client owns the copyright subsisting in the copyright work because it is...

View the related q&as about Peer to peer

Is debt collection for goods sold by a business where the initial payment method has failed a regulated activity?

Is debt collection for goods sold by a business where the initial payment method has failed a regulated activity? This Q&A refers you to Practice Note: Regulated activities for debt management firms and not-for-profit bodies. In this Practice Note, you will note that the regulated activity of debt collecting under Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (RAO), SI 2001/544, art 39F is the activity of taking steps to procure the payment or a debt due under a 'credit agreement', 'Article 36H agreement' (ie a loan agreement facilitated

Would privately (ie not via a public platform) facilitating an opportunity to individuals to lend to a corporate be caught under the Financial Services and Markets Act 2000 (FSMA 2000) as a regulated activity requiring authorisation? Is it the case that since the borrower is a corporate entity, the credit broking restrictions will not be relevant since there is no consumer contract? It also does not seem like a private arrangement like this would fall under operating an electronic system in relation to lending. What are your thoughts as to whether it may be a regulated activity, whether under the above or other provisions of FSMA 2000?

Would privately (ie not via a public platform) facilitating an opportunity to individuals to lend to a corporate be caught under the Financial Services and Markets Act 2000 (FSMA 2000) as a regulated activity requiring authorisation? Is it the case that since the borrower is a corporate entity, the credit broking restrictions will not be relevant since there is no consumer contract? It also does not seem like a private arrangement like this would fall under operating an electronic system in relation to lending. What are your thoughts as to whether it may be a regulated activity, whether under the above or other provisions of FSMA 2000? This Q&A assumes that the description of the proposed platform is accurately and fully described in the question. Authorisation is required under the Financial Services and Markets Act 2000 (FSMA 2000) for any specified activity carried on by way of business. Activities are specified insofar as they are defined by the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001...

View the related News about Peer to peer

EU mortgage reforms to look at digital and switching, rather than credit data

MLex: EU mortgage rules present a rare opportunity for the EU's financial services regulators to engage with something that relates to ordinary citizens' lives—but in reality the case for European legal reforms seems limited.

The impact of EU transparency obligations for online platforms

TMT analysis: Peter Broadhurst, partner and Annalie Grogan, associate, both at Simmons and Simmons, discuss the new EU transparency obligations for online platforms and the implications for UK companies in light of Brexit.