This rule 2 makes provision for the carrying on by practice units of incidental financial business.
An individual solicitor or firm of solicitors can undertake certain regulated activities and thereby be exempt from the requirement to be authorised by the FSA if that solicitor/firm is licensed by the Society under Part XX of the Financial Services and Markets Act 2000.
Under the Welfare Reform and Pensions Act 1999 the following guidance in relation to the requirements of the financial services legislation has been given to the Society. There are three stages to be considered separately in this area.
The regulatory regime for consumer credit work changed on 1 April 2014.
Forms and Fees
There are two Incidental Financial Business Forms