Law of Property Act 1925: Fundamental legislation governing interests in property and their transfer in England and Wales, relevant for establishing the legal basis of property interests held in escrow
Contracts (Rights of Third Parties) Act 1999: Legislation governing how third parties may enforce contractual terms, particularly relevant as escrow arrangements typically involve third-party escrow agents
Financial Services and Markets Act 2000: Key legislation for regulated financial activities, applicable if the escrow arrangement involves regulated financial services or products
Trustee Act 2000: Legislation governing trustee duties and powers, relevant as escrow agents often function in a trustee-like capacity when holding assets
Payment Services Regulations 2017: Regulations governing payment services in the UK, applicable if the escrow arrangement involves payment processing or money transmission services
Money Laundering Regulations 2017: Anti-money laundering regulations that may apply to escrow arrangements, particularly regarding customer due diligence and transaction monitoring
Common Law Contract Principles: Fundamental principles of contract law including formation, consideration, and interpretation, essential for the validity and enforcement of the escrow agreement
Solicitors Regulation Authority Rules: Professional regulations governing solicitors who may act as escrow agents, including requirements for handling client money and professional conduct
FCA Regulations: Financial Conduct Authority regulations that may apply if the escrow arrangement involves regulated financial activities or regulated entities
UK GDPR and Data Protection Act 2018: Data protection legislation governing the processing of personal data in the UK, relevant for handling personal information in the escrow arrangement
