Consumer Credit Act 1974: Primary legislation governing consumer credit agreements in the UK. Essential if the revolving credit facility is being offered to consumers rather than businesses.
Financial Services and Markets Act 2000: Core legislation regulating financial services in the UK, establishing the regulatory framework and the FCA's powers.
Consumer Rights Act 2015: Legislation protecting consumer rights and addressing unfair terms in consumer contracts.
Unfair Contract Terms Act 1977: Controls unfair terms in contracts, particularly exclusion and limitation clauses.
Consumer Credit (EU Directive) Regulations 2010: Implements EU consumer credit rules into UK law, setting standards for credit agreements.
FCA Handbook - CONC: Consumer Credit sourcebook containing detailed rules and guidance for consumer credit activities.
FCA Handbook - BCOBS: Banking Conduct of Business Sourcebook setting out rules for banking services.
FCA Handbook - PRIN: Principles for Businesses establishing fundamental obligations for regulated firms.
Contracts (Rights of Third Parties) Act 1999: Governs how third parties may enforce terms of a contract.
Misrepresentation Act 1967: Deals with false statements made during contract formation that induce parties to enter into agreements.
Late Payment of Commercial Debts (Interest) Act 1998: Sets rules for interest on late payments in commercial transactions.
Money Laundering Regulations 2017: Requirements for customer due diligence and anti-money laundering procedures.
Data Protection Act 2018: UK's implementation of data protection standards, working alongside UK GDPR.
Small Business, Enterprise and Employment Act 2015: Relevant for business lending, containing provisions affecting business credit relationships.
Enterprise Act 2016: Contains provisions affecting business relationships and regulatory enforcement.
