Financial Services and Markets Act 2000: Primary legislation regulating financial services and markets in the UK. Particularly relevant if the warehouse loan involves regulated activities.
Consumer Credit Act 1974: Key legislation governing consumer credit arrangements. Must be considered if there's any consumer credit element in the warehouse loan structure.
Law of Property Act 1925: Fundamental legislation concerning property rights and security interests in real property. Essential for warehousing arrangements involving real estate.
Sale of Goods Act 1979: Governs transactions involving goods. Critical for understanding legal framework around the underlying stored goods in warehouse arrangements.
Enterprise Act 2002: Contains important provisions regarding insolvency and the enforcement of security, which are crucial for protecting lender's interests.
Insolvency Act 1986: Establishes framework for creditors' rights and priority of claims in insolvency scenarios. Essential for understanding risk position.
FCA Regulations: Financial Conduct Authority regulations, including conduct of business rules. Particularly relevant if the lender is FCA-regulated.
PRA Requirements: Prudential Regulation Authority requirements that may apply to the lender, affecting capital adequacy and risk management.
Bills of Lading Act 1855: Relevant legislation when international goods are involved in the warehousing arrangement.
Supply of Goods and Services Act 1982: Governs the services aspects of warehousing arrangements and related service provisions.
Data Protection Act 2018: Together with UK GDPR, governs the handling and protection of personal and business data in the arrangement.
Money Laundering Regulations 2017: Sets out anti-money laundering requirements that must be considered in financial arrangements.
Modern Slavery Act 2015: Requires consideration of supply chain implications and modern slavery compliance in warehouse operations.
