Consumer Credit Act 1974: Primary legislation governing consumer credit agreements, including insurance premium financing for consumers. Sets out requirements for credit agreements, disclosure requirements, and consumer protections.
Financial Services and Markets Act 2000: Establishes the regulatory framework for financial services in the UK, including insurance premium financing activities and regulatory oversight by the FCA.
Consumer Rights Act 2015: Sets out consumer rights and business obligations, including requirements for fairness in contract terms and transparency in financial services agreements.
Consumer Insurance (Disclosure and Representations) Act 2012: Governs the duty of disclosure in consumer insurance contracts and may impact premium finance arrangements tied to insurance policies.
FCA Handbook - CONC: Consumer Credit Sourcebook providing detailed rules and guidance for firms offering consumer credit, including insurance premium finance.
FCA Handbook - ICOBS: Insurance Conduct of Business Sourcebook containing rules and guidance for insurance-related activities, including premium financing.
FCA Handbook - PRIN: Principles for Businesses setting out fundamental obligations for firms under FCA regulation, including fair treatment of customers.
UK GDPR: Post-Brexit data protection regulation governing the processing of personal data, relevant for customer information handling in finance agreements.
Data Protection Act 2018: UK's implementation of data protection standards, working alongside UK GDPR to regulate personal data processing.
Unfair Contract Terms Act 1977: Controls the use of unfair terms in contracts, particularly exclusion and limitation clauses.
Consumer Protection from Unfair Trading Regulations 2008: Prohibits unfair commercial practices and requires transparency in business-to-consumer transactions.
Financial Services (Distance Marketing) Regulations 2004: Regulates the distance selling of financial services, including requirements for information disclosure and cancellation rights.
Electronic Commerce (EC Directive) Regulations 2002: Governs electronic commerce and online contracts, relevant for digital premium finance agreements.
