There are two ways in which law firms might be caught by the consumer credit regime: • by entering into a fee arrangement with a client that constitutes a consumer credit...
This Practice Note explains how the SRA’s consumer credit regime operates from 1 April 2016 following amendments to the SRA Financial Services (Scope) Rules...
This Practice Note sets out a number of activities firms may engage in that stray into the realms of consumer credit. For each activity, the Practice Note summarises and...
A consumer credit agreement is an agreement between an individual (the debtor) and any other person (the creditor) by which the creditor provides the debtor with credit...
This Practice Note addresses the common necessity of accepting payment by instalments of an outstanding bill. The SRA has issued a case study expressing the view that...
As a general rule, law firms are not permitted to engage directly in insurance distribution activities, unless they are licensed by the FCA. This Practice Note focuses on...
This Practice Note has been archived and is not maintained. It relates to the insurance mediation regime applying to law firms before 1 October 2018. For the regime...
This Practice Note explains additional regulatory requirements that apply when you introduce a client to a third party for financial services, including regulated...
There are two ways law firms might be caught by the consumer credit regime: • by entering into a fee arrangement with a client that constitutes a consumer credit...
There are two ways in which law firms might be caught by the consumer credit regime: • by entering into a fee arrangement with a client that constitutes a consumer credit...
On 1 April 2016, the SRA amended the Financial Services (Scope) Rules 2011 to: • explicitly restrict the type of activities firms can engage in under the Exempt...
