29 Illegal money lending
Bank of England and Financial Services Act 2016 (2016 c 14) | Legislation

Illegal money lending

29  Illegal money lending

(1)     The Financial Services and Markets Act 2000 is amended as follows.

(2)     After Part 20A insert—

“Part 20B
Illegal Money Lending
333S Financial assistance for action against illegal money lending

(1)     The Treasury may make grants or loans, or give any other form of financial assistance, to any person for the purpose of taking action against illegal money lending.

(2)     Taking action against illegal money lending includes—

(a)     investigating illegal money lending and offences connected with illegal money lending;

(b)     prosecuting, or taking other enforcement action in respect of, illegal money lending and offences connected with illegal money lending;

(c)     providing education, information and advice about illegal money lending, and providing support to victims of illegal money lending;

(d)     undertaking or commissioning research into the effectiveness of activities of the kind described in paragraphs (a) to (c);

(e)     providing advice, assistance

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

What is electronic money?

What is electronic money?BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant

LEXISNEXIS

Criminal damage

Criminal damageGeneralSimple criminal damage is triable either way unless the value of the alleged damage is £5,000 or less, in which case the offence will be treated as if it were triable only summarily.Where the damage is caused by fire or the racially aggravated form of the offence is charged,

LEXISNEXIS

Option agreements—the need for a long-stop date

Call options are frequently used by developers to secure a right to buy land if planning permission is obtained. Taking an option provides the developer with time to make and pursue a planning application before having to commit to paying for the land. The developer's initial outlay will be limited

LEXISNEXIS

Negligence—key elements to establish a negligence claim

Negligence—key elements to establish a negligence claimNegligence—what are the key ingredients to establish a claim in negligence?For liability in negligence to be founded, four key ingredients must be present:•duty of care•breach of that duty•damage (which is caused by the breach)•foreseeability of