Q&As

When does section 362A of FSMA 2000 apply to a company considering appointing administrators and which carried out Consumer Credit regulated activity?

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Published on LexisPSL on 29/09/2014

The following Financial Services Q&A provides comprehensive and up to date legal information covering:

  • When does section 362A of FSMA 2000 apply to a company considering appointing administrators and which carried out Consumer Credit regulated activity?

When does section 362A of FSMA 2000 apply to a company considering appointing administrators and which carried out Consumer Credit regulated activity?

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.

Financial Services and Markets Act 2000 (FSMA 2000), s 362A applies in relation to a company [or partnership] of a kind described in FSMA 2000, s 362(1)(a) to (c). FSMA 2000, s 362(1)(a) to (c) applies if a person

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