Trustee Act 2000: Primary legislation governing trustee duties and powers in England and Wales, essential for defining the escrow agent's responsibilities and fiduciary obligations
Financial Services and Markets Act 2000: Regulatory framework for financial services in the UK, particularly relevant if the escrow agent is a regulated entity
Taxes Management Act 1970: Fundamental legislation governing tax administration and management in the UK, crucial for tax-related escrow arrangements
Money Laundering Regulations 2017: Regulations concerning anti-money laundering and counter-terrorist financing, including requirements for customer due diligence and transaction monitoring
Proceeds of Crime Act 2002: Legislation dealing with money laundering and proceeds of criminal conduct, relevant for compliance and due diligence requirements
Corporation Tax Acts: Legislative framework governing corporate taxation, essential for understanding tax implications of corporate escrow arrangements
Income Tax Acts: Legislation covering income tax obligations and requirements, relevant for tax implications of escrow arrangements involving individual taxpayers
Value Added Tax Act 1994: Legislation governing VAT in the UK, important for understanding VAT implications of escrow arrangements
UK GDPR: Data protection regulation governing the processing of personal data, crucial for handling personal information in escrow arrangements
Data Protection Act 2018: UK's implementation of data protection requirements, complementing UK GDPR in regulating personal data handling
Common Law Trust Principles: Established legal principles governing trust relationships, fundamental to escrow arrangements
FCA Regulations: Financial Conduct Authority regulations governing financial services and regulated activities, applicable if the escrow agent is FCA-regulated
Client Money Rules: Regulatory requirements for handling client money, particularly relevant for regulated entities acting as escrow agents
Capital Gains Tax Legislation: Laws governing taxation of capital gains, relevant for understanding tax implications of asset transfers in escrow arrangements
