Financial Services and Markets Act 2000 (FSMA): Primary legislation governing financial services in the UK. Key consideration for finders fee agreements to ensure the finder is not conducting regulated activities without proper FCA authorization.
Financial Services and Markets Act 2000 (Regulated Activities) Order 2001: Statutory instrument that defines and specifies what constitutes regulated activities under FSMA. Essential for determining whether the finder's activities require regulatory oversight.
Bribery Act 2010: Anti-corruption legislation that ensures finder's fee arrangements are legitimate and don't constitute improper financial inducements. Requires clear disclosure and transparency provisions.
Consumer Protection from Unfair Trading Regulations 2008: Regulations protecting consumers from unfair commercial practices. Relevant if the ultimate transaction involves consumers and requires transparency in commercial practices.
Data Protection Act 2018 and UK GDPR: Privacy and data protection legislation governing the handling of personal data. Essential for provisions regarding the handling of introduced parties' information.
Law of Property (Miscellaneous Provisions) Act 1989: Fundamental contract law legislation affecting property-related agreements and formal requirements for certain types of contracts.
Limitation Act 1980: Sets statutory time limits for bringing legal claims and enforcing payment obligations. Important for defining time frames in the agreement.
Money Laundering Regulations 2017: Anti-money laundering regulations that may require specific due diligence provisions depending on the nature of the introduction services.
