Payment Services Regulations 2017: Primary legislation governing payment services, electronic payments and payment transactions. Implements EU Payment Services Directive 2 (PSD2) in UK law. Essential for ensuring compliance with payment processing regulations.
Data Protection Act 2018 and UK GDPR: Legislation controlling how personal and financial data must be collected, processed, and stored. Includes requirements for data security, privacy, employee consent for data processing, and data retention policies.
Employment Rights Act 1996: Key employment legislation covering rights to itemised pay statements, wage payment methods, and protection of wages. Section 8 specifically addresses payment documentation requirements.
Electronic Communications Act 2000: Legislation establishing the legal framework for electronic signatures and electronic documents, ensuring their validity in business transactions.
Financial Services and Markets Act 2000: Comprehensive legislation governing financial transactions and banking regulations in the UK, providing the regulatory framework for financial services.
Money Laundering Regulations 2017: Regulations specifying requirements for bank account verification and due diligence procedures to prevent financial crime and ensure compliance with anti-money laundering measures.
Equality Act 2010: Legislation ensuring accessibility and non-discrimination in payment procedures and form design, protecting employees from unfair treatment in all employment processes.
