Legislation
Consultations

 

Welcome to the R3 Technical Library, a unique resource for searching technical and specialist information within the sector. The below are available resources for Legislation Consultations.

Scottish Government. Covid Recovery. A consultation on public services, justice system and other reforms (4 November 2021)
The Scottish Government’s consultation paper “Covid Recovery: A consultation on public services, justice system and other reforms” focuses on reviewing the legislative powers that have supported the Government’s response to Covid. The paper begins with discussion of the Government’s ambitions for Covid recovery and ends with an open question, to invite comments on the action that respondents think is required to support a fair, safe and secure recovery.
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Amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 Statutory Instrument 2022
This consultation invites views and evidence on the steps that the government proposes to take to amend the Money Laundering Regulations (MLRs). These amendments will allow the government to make some time-sensitive updates to the MLRs, which are required to ensure that the UK continues to meet international standards set by the Financial Action Task Force, whilst also strengthening and ensuring clarity on how the anti-money laundering regime operates, following feedback from industry and supervisors on the implementation of the Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020.
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Financial Conduct Authority - Guidance for Insolvency Practitioners on how to approach regulated firms (January 2020)
The FCA are consulting on non-handbook guidance for insolvency practitioners on how to approach insolvencies of regulated firms. The proposed guidance aims to help IPs comply with our rules and guidance and relevant legislation which aim to achieve better outcomes for consumers and market participants following the failure of a regulated firm.
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R3 response to the review of changes introduced by the Bankruptcy and Debt Advice (Scotland) Act 2014 (Feb 2020)
We welcome the Scottish Government’s review of the changes introduced by BADAS, and the opportunity to contribute the views of our members. The Act came into law at a time when both personal and corporate insolvency numbers were falling, and it introduced a number of important changes to Scotland’s framework for resolving personal debt.
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R3 Response to the Protected Trust Deed Inquiry (Jan 2020)
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R3 Response to Debt Arrangement Scheme (Scotland) Amendment Regulations 2019 (Aug 2019)
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R3 Response to the 'Protecting Your Taxes In Insolvency' consultation (May 2019)
In 2018, the UK Government announced that it would introduce legislation in the Finance Bill 2019-2020 to make HM Revenue & Customs a secondary preferential creditor for certain tax debts paid by employees and customers on the insolvency of a business.
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R3 Response to the Protected Trust Deed Consultation (April 2019)
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Technical
Ben LuxfordBen Luxford
Head of Technical
020 7566 4218
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