Financial services

View Practice Compliance by content type:

Latest Practice Compliance News

Featured Practice Compliance content

Precedents
1DefinitionsModern Slavery Policy•means the Customer's anti-slavery and human trafficking policy as set out in Schedule [insert] as updated by the...
Read More >
9th Nov
Practice notes
Source of funds and wealth was a key focus of the SRA’s Preventing Money Laundering and Financing of Terrorism thematic review, published in March...
Read More >
9th Nov
Practice notes
This Practice Note provides an introduction to retained EU law, which is an entirely new legal concept introduced to UK domestic law in preparation...
Read More >
9th Nov
Precedents
DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see...
Read More >
9th Nov
Precedents
How to use this testThese questions are designed to test your understanding after your attendance at our training on avoiding bribery and...
Read More >
9th Nov
Practice notes
The compliance officer for legal practice (COLP) sits at the heart of the firm's regulatory arrangements. This does not mean that the firm and its...
Read More >
9th Nov

Most recent Financial services content

Practice notes
BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...
Read More >
Produced in partnership with Reanne MacKenzie of Henderson Chambers 8th Jan
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
Read More >
26th Dec
Practice notes
This Practice Note has been archived and is not maintained.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....
Read More >
26th Dec
Q&As
See Practice Note: Insurance distribution activities—law firms. This confirms that the underlying Directive (EU) 2016/97, Insurance Distribution...
Read More >
26th Dec
Q&As
The Insurance Distribution Directive (IDD), Directive 2016/97/EU defines insurance distribution as:‘the activities of advising on, proposing, or...
Read More >
26th Dec
Precedents
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
Read More >
17th Dec
Practice notes
This Practice Note explains how the SRA’s consumer credit regime operates from 1 April 2016 following amendments to the SRA Financial Services (Scope)...
Read More >
17th Dec
Q&As
FCA regimeIt would seem that the first issue to consider is whether advising on a credit agreement between the client and a third party is a regulated...
Read More >
7th Dec
Q&As
The requirements of the Solicitors Regulation Authority’s (SRA’s) insurance distribution regime have very limited application in relation to insurance...
Read More >
7th Dec
Q&As
Failure to comply with the insurance distribution regime could represent a breach of the:•SRA Handbook (the Financial Services Scope and Conduct of...
Read More >
7th Dec
Q&As
This obligation derives from the SRA COB Rules, r 12.4: ‘where you have given a personal recommendation to the client, you must, in addition to the...
Read More >
7th Dec
Practice notes
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...
Read More >
7th Dec
Q&As
This Q&A answers a specific question: does an agreement to accept instalment payments of an outstanding bill constitute a consumer credit agreement...
Read More >
7th Dec
Practice notes
This Practice Note addresses the common necessity of accepting payment by instalments of an outstanding bill. The SRA has issued a case study...
Read More >
7th Dec
Q&As
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...
Read More >
7th Dec
Q&As
In certain parts of the market, eg family law, it is becoming increasingly common for clients to finance their legal costs by way of a loan from a...
Read More >
7th Dec
Q&As
The Financial Conduct Authority (FCA) is the single statutory regulator of the financial services industry in the UK, it is operationally independent...
Read More >
7th Dec
Practice notes
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...
Read More >
7th Dec
Practice notes
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...
Read More >
7th Dec
Practice notes
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...
Read More >
7th Dec

Popular documents