Legal Services Flashcards

1
Q

What is direct discrimination

A

someone is treated less favourably because of a protected characteristic

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2
Q

What is indirect discrimination

A

someone is disadvantaged because of a protected characteristic

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3
Q

What is general harassment

A

unwanted conduct related to a protected characteristsic that has the effect of:
- violating a Peron’s dignity
- creating a hostile environment for a person
To consider:
- the effected person’s perception
- other circumstances
- whether it is reasonable for the conduct to have that effect

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4
Q

What is victimisation?

A

protects individuals who have complained / may complain

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5
Q

What is required by the disability provisions act?

A

make reasonable adjustments:
- to the way things are done
- physical features of a workplace
- providing extra aids/services

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6
Q

Once a disclosure is made to the MRLO when can you undertake a prohibited act?

A
  • authorised by NCA;
  • 7 working days (notice period) has passed since disclosure to NCA
  • NCA refused consent during the notice period and the moratorium period of 31 days from the date of refusal has expired
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7
Q

What is required under standard customer due diligence for an individual?

A
  • ID the customer
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8
Q

What is required under standard customer due diligence for a company?

A
  • Company ID (info on Coy House)
  • ID of beneficial owner (controls more than 25%)
  • ongoing monitoring
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9
Q

When should enhanced customer due diligence be used?

A
  • high risk of money laundering or terrorist financing
  • high risk third countries
  • correspondent relationships
  • PEPs
  • Complex transactions
  • Unusually large transactions
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10
Q

What is involved in enhanced CCD?

A
  • understand background and purpose of transaction
  • get additional 3rd party verification
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11
Q

When might simplified CCD be carried out?

A

customer is low risk, e.g.:
- public administration
- finance or credit institutions
- listed companies
- low risk jurisdictions
or activity is low risk;
- life insurance with a low premium
- pensions
child trust funds
junior isa

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12
Q

When can CCD carried out by other solls etc. be relied upon?

A
  • must obtain all info required to satisfy MLR
  • must obtain a written agreement which:
  • enables the third party to supply docs within 2 working days
  • requires the third party to retain the documentation
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13
Q

Which third parties can CCD be relied upon?

A
  • banks
  • auditors
  • insolvency practitioners
  • accountants and tax advisers
  • legal professionals
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14
Q

Is generic advice on investments (rather than advice on merits of specific investments) regulated?

A

No - so advice can be given on, say, meaning of shares held etc.

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15
Q

When can a solicitor advise on share sales?

A

where the shares include 50% or more of the voting rights.
Promoted only to;
- investment professionals
- HNW companies (Share cap of £35 or £500k + 20 members)
- HNW individuals

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16
Q

When can a solicitor advise on financial promotions?

A
  • offer directed at 150 or fewer people
  • offer directed at ‘qualified investors’ (banks, investment institutions, regional govt)
17
Q

How is a CFA calculated?

A

As an uplift to the normal fee (i.e. 50% CFA on a £100 fee would be a £50 uplift to £150).

18
Q

Where does the CFA get paid from?

A

CFAs cannot be recovered from the other side so it comes out of the award instead.

19
Q

What is the maximum CFA for a PI claim?

A

25% of damages excluding damages for future care and loss

20
Q

What does a CFA not fund?

A
  • expert costs
  • court fees
  • disbursements
21
Q

How are Damage-based agreements calculated?

A

paid by reference to damages received

22
Q

where do Damage-based agreements get paid from?

A

Court will decide costs claimable from the other side (unlikely to be the whole amount)
Balance will come from damages.

23
Q

What are the maximums for Damage-based agreements?

A

PI - 25%
Employment - 35%
Other - 50%

24
Q

When must a client make an application if they disagree with Solls costs?

A

within one month of receiving the solls bill

25
Q
A