Entering into a consumer hire agreement as owner
Entering into a consumer hire agreement as owner

The following Financial Services practice note provides comprehensive and up to date legal information covering:

  • Entering into a consumer hire agreement as owner
  • Consumer hire agreements
  • Regulated activities—general
  • Consumer hire agreements—issues for consideration
  • What is a regulated consumer hire agreement?
  • What are the relevant exempt agreements?
  • Nature of the agreement exemption—Article 60O RAO
  • Exemptions relating to supply of essential services—Article 60P RAO
  • Nature of the hirer exemption—Article 60Q RAO
  • Declaration to forgo protection
  • More...

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.

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 the effective continuation of legislation in the UK after Exit Day (in the event of a no-deal Brexit), it is necessary for numerous statutory instruments to be made. One of these is the Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019, SI 2019/632. Part 3 of the Regulations contains amendments to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, SI 2001/544 (RAO). Also, Part 3 of the Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019, SI 2019/710 and Part 3 of the Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019, SI 2019/1361 proposes minor amendments to the RAO. The parts of both Regulations relating to the RAO will come into force on Exit Day.

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