Walker Morris

This Q&A looks at the package of targeted temporary measures as confirmed by the FCA and considers the implications of said measures.

This Q&A considers whether a lender is required to keep sending subsequent notices of sums in arrears under section 86B(5)(b) of the Consumer Credit Act 1974 (CCA 1974), they are required to send notices of sums in arrears on a fixed sum loan under CCA 1974, s 86B and the customer clears the arrears but leaves default sums outstanding, is the lender.

This Q&A considers whether a communication to existing shareholders of a private company limited by shares asking them to pass a resolution to disapply rights of pre-emption so that shares in the capital of the company can be issued to a new investor constitute ‘investment activity‘ for the purposes of FSMA 2000 and the financial promotions regime.