Legal updates: November 2015

Gateley plc legal experts consider the latest legislative changes affecting accountants, including the impact of the Consumer Rights Act 2015 on verbal contractual agreements, reporting responsibilities for listed entities covering people trafficking in the supply chain and changes to director ban rules

The Consumer Rights Act 2015 came into force in October affecting all businesses that supply goods or services to a ‘consumer’ – an individual who is acting outside their trade, business, craft or profession.

The existing statutory standards concerning the provision of services are maintained. This means that services must continue to be carried out with reasonable skill and care, within a reasonable time and for a reasonable price.

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