Financial services

Featured guidance
Financial services guidance:

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...

Practice Note

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. It takes...

Practice Note

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...

Practice Note

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...

Practice Note

1 Client’s demands and needs What risk does the client need to insure and why?[Describe the risk the client needs to insure and why] What checks have you made to...

Precedents

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...

Practice Note

Click here for the Precedent Insurance analysis spreadsheet. This Precedent Insurance analysis spreadsheet is intended for law firms and is presented in Excel. It can be...

Precedents

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...

Practice Note

This Practice Note has been archived and is not maintained.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...

Practice Note

After-the-event costs insurance [Explain what sort of insurance contract you are recommending, eg ‘We have recommended that you purchase after the event legal expenses...

Precedents

[Insert type, eg Title indemnity] insurance [Explain what sort of insurance contract you are recommending, eg ‘We have recommended that you purchase Title indemnity...

Precedents

This Practice Note explains additional regulatory requirements that apply when you introduce a client to a third party for financial services, including regulated...

Practice Note

This Practice Note explains additional regulatory requirements that apply when you introduce a client to a third party for financial services, including regulated...

Practice Note

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...

Practice Note

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...

Practice Note

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...

Practice Note

We have reached a stage in your matter where we believe it would be in your best interests to buy [insert type of insurance]. We have suggested you buy the insurance from...

Precedents

We have reached a stage in your matter where we believe it would be in your best interests to buy [insert type of insurance] from [state name of third party to whom you...

Precedents

We have reached a stage in your matter where we believe it would be in your best interests to buy [insert type of insurance] from [state name of third party to whom you...

Precedents

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...

Practice Note
Trending Topics
In-House COVID-19