Financial Services and Markets Act 2000: Primary legislation regulating financial services and markets in the UK. Determines authorization requirements for lenders and contains provisions about regulated lending activities.
Consumer Credit Act 1974: Regulates credit agreements with individuals, particularly relevant if the loan has any consumer lending aspects. Specifies requirements for form and content of agreements.
Companies Act 2006: Key legislation for corporate borrowers, containing provisions about corporate capacity and authority to enter into loan agreements.
FCA Handbook: Regulatory framework including the Consumer Credit Sourcebook (CONC) and Principles for Businesses (PRIN), applicable for regulated lending activities.
Money Laundering Regulations 2017: Contains Know Your Customer (KYC) requirements and anti-money laundering provisions that must be considered in loan agreements.
Unfair Contract Terms Act 1977: Controls unreasonable exclusion clauses and affects the enforceability of certain contractual terms in loan agreements.
Financial Collateral Arrangements (No.2) Regulations 2003: Relevant legislation when security is taken as part of the loan agreement.
Late Payment of Commercial Debts (Interest) Act 1998: Governs default interest provisions in commercial lending arrangements.
Contracts (Rights of Third Parties) Act 1999: Legislation governing third party rights that may arise in connection with the loan agreement.
Misrepresentation Act 1967: Relevant for representations and warranties sections of the loan agreement, providing statutory remedies for misrepresentation.
