Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Requirements definition

What does Requirements mean? In Development Consent Order (DCO) practice, Requirements are the binding conditions that regulate how, when and on what detailed terms the authorised development may proceed. They typically oblige the undertaker to submit and secure approval of detailed design, construction, and environmental management documents (for example, CEMP, traffic, landscape, contamination and archaeology plans) before commencement, phased works or operation. The term is used in legislation: section 120 of the Planning Act 2008 permits a DCO to impose “requirements”. In most DCOs they are set out in a schedule (often Schedule 2) and function similarly to planning conditions under the Town and Country...

Are client bill instalments ‘credit’? CCA 1974 analysis, SRA position, interest, exemptions and Tomlin order risks (England and Wales)

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Practice notes

This Practice Note considers the frequent need for law practices to accept staged payments towards an unpaid invoice. The SRA has produced a case study asserting that doing so amounts to entering a regulated credit agreement as a lender, requiring a formal consumer credit agreement. This Practice Note sets out why we disagree with the SRA on that point, drawing on settled case law and the principal specialist text on consumer credit. Bear in mind the consumer credit framework only covers clients who are individuals and very small partnerships, because the Consumer Credit Act 1974 (CCA 1974) does not capture arrangements with larger partnerships or bodies corporate. See Practice Note: Consumer credit and client fee arrangements—What is a consumer credit agreement?

SRA Requirements

The SRA Financial Services (Scope) Rules define which regulated consumer credit activities may be carried out by a firm authorised by the SRA but not supervised by the FCA. See Practice Notes: Consumer credit and law firms and Consumer credit and client fee arrangements. The SRA rules expressly allow you to make a regulated consumer credit agreement with a client for Disbursements and/or...

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Web page updated on 21/05/2026

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