Consumer Credit Act 1974: Primary legislation governing credit agreements, including business lending in some cases. Sets out regulatory framework for credit agreements and consumer protection.
Financial Services and Markets Act 2000: Key legislation establishing regulatory framework for financial services in the UK, including credit provision and financial institution oversight.
Consumer Rights Act 2015: Legislation governing fairness in contracts and consumer protection, including unfair terms in credit agreements.
Unfair Contract Terms Act 1977: Controls use of unfair terms in business contracts, particularly exclusion and limitation clauses.
Late Payment of Commercial Debts (Interest) Act 1998: Regulates interest charges on late payments in commercial transactions and sets statutory interest rates.
FCA Handbook (CONC): Regulatory sourcebook containing detailed rules and guidance for consumer credit activities and lending practices.
PRA Requirements: Prudential regulations governing financial institutions' capital requirements and risk management in lending.
Money Laundering Regulations 2017: Regulations requiring due diligence and verification procedures in financial transactions.
UK GDPR/Data Protection Act 2018: Legislation governing the processing and protection of personal data in credit agreements and financial services.
Common Law Contract Principles: Fundamental legal principles governing contract formation, interpretation, and enforcement in English law.
Financial Services (Banking Reform) Act 2013: Legislation implementing structural and operational reforms in the banking sector, affecting lending practices.
Small Business, Enterprise and Employment Act 2015: Legislation affecting business lending and credit relationships with small and medium enterprises.
