Sale of Goods Act 1979: Primary legislation governing transfer of title and ownership rights in the sale of goods, crucial for establishing the legal framework for transferring receivables
Law of Property Act 1925: Fundamental legislation concerning the assignment of receivables and property rights, particularly relevant for the legal mechanism of transferring receivables
Contracts (Rights of Third Parties) Act 1999: Legislation governing how third parties may enforce terms of a contract, important for receivables involving multiple parties
Consumer Credit Act 1974: Regulatory framework for consumer credit agreements, applicable if any of the receivables involve consumer debt
Financial Services and Markets Act 2000: Primary legislation establishing the regulatory framework for financial services in the UK, including oversight of receivables trading
Financial Collateral Arrangements (No 2) Regulations 2003: Regulations governing the use of financial collateral, relevant if receivables are used as security
Financial Services and Markets Act 2000 (Regulated Activities) Order 2001: Statutory instrument defining regulated activities, including aspects of debt purchasing and receivables trading
Insolvency Act 1986: Key legislation governing insolvency proceedings and protection of assets, crucial for protecting receivables in case of insolvency
Enterprise Act 2002: Legislation modifying the insolvency regime and affecting how receivables are treated in corporate insolvency
UK GDPR and Data Protection Act 2018: Legal framework for handling personal data, essential for managing personal information associated with receivables
Money Laundering Regulations 2017: Regulations establishing KYC and due diligence requirements for financial transactions, including receivables trading
