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Consumer Law to be simplified |
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Written by Calum Haswell
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Friday, 09 May 2008 |
The Government is planning changes in UK consumer law to benefit consumers and businesses. UK Business Secretary John Hutton announced these proposals in a speech on consumer protection yesterday (8 May 2008).
John Hutton said: “It is clear that we must act to streamline these myriad rules to help consumers know and exercise their rights, cut red tape and target enforcement to weed out rogue traders.”
Mr Hutton is looking for feedback from businesses and consumer groups on a number of ideas and questions including:
* Simplifying the law by replacing the 100-plus consumer laws with more flexible general rules to help reduce the burden on business
* Are there other significant costs for business which could be reduced?
* How to help consumers better understand their rights?
* Bringing together a small number of core consumer rights into a single Act of Parliament
* How to encourage swift and effective dispute resolution between business and consumers?
* Whether changes might be required to keep pace with technological developments like the internet?
* What changes would most help enforcement bodies target their resources on rogue traders or those that deliberately flout the law, and ensure that honest businesses do not carry unnecessary costs
The Department for Business, Enterprise and Regulatory Reform has also commissioned IPSOS MORI to produce a unique Consumer Survey. The survey is to examine the perceptions of consumers across a range of different markets - focusing on confidence, transparency, complaints and vulnerable consumers.
The deadline for people to provide their views on the questions and ideas posed by the Consumer Law Review is 31st July
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Butterworths Company Law Handbook content survey |
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Written by Cara Annett
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Wednesday, 07 May 2008 |
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Very short, simple survey on the contents of the Blue Book
Please help us better understand your needs so that we can reduce the size of the Handbook.
Many thanks for your feedback. The closing date is 15 May.
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Company Law Forum Questions Looking for Answers |
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Written by Calum Haswell
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Tuesday, 06 May 2008 |
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The following questions have been asked on Company Law Forum and are looking for answers. This community would be grateful if you could provide answers where you feel comfortable:
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Guidance Note: POB guidance on notification of change of auditor |
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Written by Calum Haswell
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Tuesday, 06 May 2008 |
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The Professional Oversight Board has issued a guidance note, in the form of two flowcharts, on the circumstances in which it will be the appropriate audit authority to be notified when an auditor ceases to hold office, as required by the Companies Act 2006 with effect from 6 April 2008.
Flowchart for audit firms www.frc.org.uk/pob/regulation/auditfirms.cfm
Flowchart for companies www.frc.org.uk/pob/regulation/companies.cfm
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Companies Act 1985 (Annual Return) Regulations |
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New Draft Statutory Instruments |
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Written by Calum Haswell
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Tuesday, 06 May 2008 |
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The Government is publishing four sets of Draft Statutory Instruments which apply the remaining provisions of the Companies Act 2006 to Limited Liability Partnerships. These regulations come into force on 1st October 2009.
· The Large and Medium -sized Limited Liability Partnerships (Accounts) Regulations 2008
· The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006 ) Regulations 2008
· The Small Limited Liability partnerships (Accounts) Regulations 2008
· The Limited Liability Partnerships (Late Filing Penalties) Regulations 2008
The closing date for comments on the draft regulations is the 23rd May 2008. Though because of the Bank Holiday weekend late submissions received by the end of Monday 26th May will be considered. Further details are available on the DBERR website.http://www.berr.gov.uk/bbf/llp/page39897.html
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Seventh Commencement Order and New Draft Statutory Instruments |
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Written by Calum Haswell
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Tuesday, 06 May 2008 |
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The Department for Business, Enterprise and Regulatory Reform are inviting comments on the following draft Statutory Instruments:
SIs with October 2008 commencement date
Reduction of Share Capital
- The Companies (Reduction of Share Capital) Order – Consultation closes Friday 23 May
- The Companies Act 2006 (Commencement No. 7, Consequential Amendments and Transitional Provisions) Order – Consultation closes Friday 23 May
Names Adjudicator Rules
- The Company Names Adjudicator Rules – Consultation closes 6 June
SI with October 2009 commencement date
Disclosure of Directors’ Addresses
- The Companies (Disclosure of Address) Regulations – Consultation closes 11 July
Further details are available on the DBERR Companies Act 2006 website.http://www.berr.gov.uk/bbf/co-act-2006/draft/page40411.html
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Bulletin: Auditor's Reports on Revised Accounts and Reports, in the United Kingdom |
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Written by Calum Haswell
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Friday, 02 May 2008 |
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A new Auditing Practices Board bulletin outlines the Companies Act requirements on Revised Accounts and Reports.
http://www.frc.org.uk/apb/publications/pub1593.html
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Bulletin: The Special Auditor's Report on Abbreviated Accounts in the United Kingdom |
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Written by Calum Haswell
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Friday, 02 May 2008 |
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A new Auditing Practices Board Bulletin deals with auditor's reports on abbreviated accounts prepared by small and medium-sized companies under the Companies Act.
http://www.frc.org.uk/apb/publications/pub1594.html
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Press Release: Free Access to Public Sector Contracts for SMEs |
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Written by Calum Haswell
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Friday, 02 May 2008 |
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A free trial to provide small and medium sized businesses with access to thousands of public sector contract opportunities.
From 1 May until 31 July 2008, the http://www.supply2.gov.uk website will allow new registrants to gain free access to public sector contracts valued under £100,000 for the UK and Northern Ireland.
The free trial is part of the Department for Business' Enterprise Strategy which was released in March, which outlined new measures to increase the amount of government business that is won by small firms.
http://nds.coi.gov.uk/environment/fullDetail.asp?ReleaseID=366267&NewsAreaID=2&NavigatedFromDepartment=True
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Bulletin: The 'Senior Statutory Auditor' under the United Kingdom Companies Act 2006 |
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Written by Calum Haswell
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Thursday, 01 May 2008 |
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A new Auditing Practices Board bulletin outlines the Companies Act requirement for company audit reports to be signed by the "senior statutory auditor"
http://www.frc.org.uk/apb/publications/pub1592.html
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