Legal issues for the UK consumer finance industry
On 29 March 2019, the Treasury made the Law Applicable to Contractual Obligations and Non-Contractual Obligations (Amendment etc.) (EU Exit) Regulations 2019.
From ‘exit day’, these Regulations will effectively mean the rules in Rome I, Rome II and the Rome Convention will continue to apply as domestic law in all parts of the UK to decide the applicable law for contractual and non-contractual obligations.
On 29 March 2019, the UK Financial Conduct Authority published its final instruments and guidance that will apply if the UK leaves the European Union without a deal or an implementation period.
On 25 March 2019, the Treasury made the Payment Accounts (Amendment) (EU Exit) Regulations 2019. This will make a number of amendments to (amongst other things) the Payment Accounts Regulations 2015.
The Regulations come into effect on ‘exit day’.
On 25 March 2019, the Treasury made the Mortgage Credit (Amendment) (EU Exit) Regulations 2019. This will make a number of amendments to (amongst other things) the Mortgage Credit Directive Order 2015.
The Regulations come into effect on ‘exit day’.