Financial Services and Markets Act 2000 (FSMA): Primary legislation establishing regulatory framework for financial services, including requirements for authorized persons and consumer protection provisions
Consumer Credit Act 1974 (CCA): Governs consumer credit agreements, including statutory requirements and consumer protection provisions. Essential if the loan portfolio includes consumer credit agreements
Data Protection Act 2018 and UK GDPR: Regulates the transfer of personal data, data protection obligations, and privacy requirements in loan sale transactions
Law of Property Act 1925: Critical legislation for secured loans involving real property and the transfer of security interests
Financial Services (Banking Reform) Act 2013: Contains relevant banking regulations and provisions regarding the transfer of banking business
FCA Handbook: Regulatory guidelines including MCOB (Mortgages and Home Finance), CONC (Consumer Credit), and regulations on transfer of regulated activities
PRA Requirements: Prudential Regulation Authority requirements covering capital adequacy and risk management in loan sales
Contract Law Principles: Fundamental principles governing formation, assignment, and novation of contracts under English law
Unfair Contract Terms Act 1977: Legislation governing fairness of contract terms and consumer protection provisions
Consumer Rights Act 2015: Relevant for consumer loans, containing provisions on unfair terms and consumer protection
Financial Collateral Arrangements (No 2) Regulations 2003: Regulations specifically applicable to secured loans and financial collateral arrangements
Transfer of Undertakings (Protection of Employment) Regulations 2006: Relevant if the loan sale involves transfer of employees or staff-related matters
