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Important new laws in force from October 2015

October 2015 sees the commencement of a number of important changes to the law, which will affect candidates for the MCT in February 2016 and beyond. The provisions which come into force this month have direct impact on Outcomes A05 (Contract Law) and A11 (Business Law) of the QLTS Day One Outcomes, and derive from two major pieces of legislation which received Royal Assent earlier this year. A full update to MCT Course Materials will be released soon to all QLTS School candidates.

Consumer Rights Act 2015

The Consumer Rights Act 2015 consolidates and simplifies the various Acts and Regulations which governed consumer protection law. In addition to unifying the existing law, the 2015 Act also introduces some significant reforms designed to further protect consumer rights, in the areas of implied terms and unfair terms in consumer contracts. The majority of its provisions were brought into force on 1st October 2015.

Small Business, Enterprise and Employment Act 2015

This Act covers a number of different areas of law, but several provisions with impact on Companies Law come into force on 1st October and 8th October 2015. The relevant provisions impact on rules governing disqualification of directors, claims against directors for fraudulent and wrongful trading, consent to act as an officer of a company, and the procedure for striking off companies. Other provisions from the Act which impact on Companies Law are expected to be brought into force in 2016.

Taking the MCT assessment in 2016? Check our various course packages and make sure you have everything that you need to pass the first time.

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