Financial Services and Markets Act 2000 (FSMA): Primary legislation establishing the regulatory framework for financial services in the UK, determining FCA authorization requirements and setting out regulations for regulated activities
FSMA (Regulated Activities) Order 2001: Defines credit broking activities and specifies which activities require FCA authorization in the context of loan brokerage
Consumer Credit Act 1974: Provides protection for sole traders and requirements for credit brokerage, relevant even in commercial lending contexts
FCA Handbook: Contains specific sourcebooks including CONC (Consumer Credit), PRIN (Principles for Businesses), and systems and controls requirements for brokers
Data Protection Act 2018 and UK GDPR: Governs the handling of personal and business data, including privacy requirements and data processing obligations
Money Laundering Regulations 2017: Sets out due diligence requirements, record keeping obligations, and reporting requirements for financial service providers
Contracts (Rights of Third Parties) Act 1999: Governs third-party rights in contracts and related exclusion clauses
The Bribery Act 2010: Establishes anti-bribery provisions and corporate hospitality considerations for business relationships
Financial Services (Distance Marketing) Regulations 2004: Regulates the provision of financial services provided remotely or through digital channels
Common Law Principles: Encompasses fundamental legal principles including contract formation, misrepresentation, breach of contract remedies, and fiduciary duties
