Law of Property Act 1925: Fundamental legislation governing property law and transactions in England and Wales, relevant for understanding the legal framework of property transfers in escrow arrangements
Contracts (Rights of Third Parties) Act 1999: Legislation governing how third parties may enforce terms of a contract, particularly relevant as escrow agents are typically third parties to the main agreement
Financial Services and Markets Act 2000: Key legislation regulating financial services and markets in the UK, applicable if the escrow arrangement involves regulated financial services
Payment Services Regulations 2017: Regulations governing payment services and payment mechanisms, relevant if the escrow involves specific payment arrangements
Trustee Act 2000: Legislation setting out trustees' powers and duties, relevant as escrow arrangements often create trust-like obligations
UK General Data Protection Regulation: Primary data protection legislation in the UK post-Brexit, applicable if personal data is processed as part of the escrow arrangement
Data Protection Act 2018: UK's implementation of data protection standards, working alongside UK GDPR to regulate personal data processing
Money Laundering Regulations 2017: Regulations aimed at preventing money laundering and terrorist financing, crucial for compliance in financial transactions and escrow arrangements
Proceeds of Crime Act 2002: Legislation dealing with criminal proceeds and money laundering, relevant for due diligence in escrow arrangements
Consumer Rights Act 2015: Legislation protecting consumer rights, applicable if one party to the escrow arrangement is a consumer
Unfair Contract Terms Act 1977: Legislation regulating unfair terms in contracts, ensuring balance and fairness in contractual relationships
Electronic Communications Act 2000: Legislation governing electronic signatures and communications, relevant for electronic execution of escrow agreements
SRA Regulations: Solicitors Regulation Authority rules governing solicitors' conduct, applicable if solicitors are acting as escrow agents
FCA Regulations: Financial Conduct Authority regulations governing financial services and institutions involved in escrow arrangements
