Companies Act 2006: Primary legislation governing company operations, director duties and financial responsibilities in the UK. Essential for defining the scope of CFO services and responsibilities.
Financial Services and Markets Act 2000: Regulatory framework for financial services in the UK, which may impact the scope of CFO services if they involve regulated activities.
Data Protection Act 2018 and UK GDPR: Legislation governing the processing and protection of personal and business data, crucial for handling financial and personnel information.
Proceeds of Crime Act 2002: Legislation regarding anti-money laundering obligations that an outsourced CFO must comply with when handling financial transactions.
FRC Requirements: Financial Reporting Council standards and requirements that govern financial reporting and corporate governance practices.
ICAEW Guidelines: Professional standards and guidelines set by the Institute of Chartered Accountants in England and Wales for financial professionals.
FCA Regulations: Financial Conduct Authority regulations that may apply to certain financial activities and services provided by the CFO.
Common Law Contract Principles: Fundamental contract law principles under English common law that govern the formation and execution of the engagement agreement.
Employment Rights Act 1996: Legislation to consider for proper classification of the CFO as a contractor rather than an employee to avoid misclassification issues.
Money Laundering Regulations 2017: Specific regulations regarding anti-money laundering procedures and compliance requirements for financial professionals.
Bribery Act 2010: Anti-corruption legislation that affects financial operations and must be considered in compliance procedures.
Professional Indemnity Insurance: Requirements for professional insurance coverage for the outsourced CFO services.
IFRS Standards: International Financial Reporting Standards that may need to be followed in financial reporting and statements.
UK GAAP: UK Generally Accepted Accounting Principles that govern financial reporting standards in the UK.
