An overview of the application of the consumer credit regulatory regime to loans to employees or directors made or arranged by the company in the context of an employee share scheme. From 1 April 2014, responsibility for enforcing consumer credit rules has transferred to the Financial Conduct Authority under the Financial Services and Markets Act 2000. This note is currently being reviewed by the contributor.
The trust is widely admired and recognised in many jurisdictions around the world. Although primarily used by individuals, they also have a wide variety of applications in a commercial context. This practice note provides an introduction to trusts and trustees and considers some commercial applications of trusts.