Published date: 25 January 2022

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 15 December 2021, 12am

Contract summary

Industry

  • Legal advisory and information services - 79140000

Location of contract

United Kingdom, Isle of Man, Channel Islands, British Oversea Territories, Europe, Rest of the World

Value of contract

£150,000

Procurement reference

CCLL21A22.

Published date

25 January 2022

Closing date

15 December 2021

Closing time

12am

Contract start date

20 December 2021

Contract end date

31 March 2022

Contract type

Service contract

Procedure type

Call-off from a framework agreement

A mini-competition or direct purchase from a pre-established framework agreement.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

HM Treasury are looking to procure external legal services to support the Government's review and considerations on the UK's financial services overseas regulatory perimeter. These services will primarily consider the "in the UK test" and how the UK's regime compares to overseas jurisdictions.

The 'In the UK' test relates to whether a regulated activity or service is considered to take place within or outside the UK. It is among the first few considerations for firms undertaking cross-border financial services (FS) activity with a UK client and is contained in section 19 of the Financial Services and Markets Act 2000 (FSMA) and the FCA's perimeter guidance manual (PERG). In a recent Call for Evidence by HM Treasury (HMT) on the UK's overseas regime, firms noted that determining whether a regulated activity is being carried on 'in the UK' is often a difficult exercise. We require legal advice as to the extent to which regulated activities (these include the majority of PERG activities) are classified as being conducted either in or outside the UK's regulatory perimeter, in order to inform HMT's policy choices on potential changes to the overseas regulatory perimeter.

More information

Attachments

Award information

Awarded date

20 December 2021

Contract start date

20 December 2021

Contract end date

31 March 2022

Total value of contract

£150,000

This contract was awarded to 1 supplier.

Hogan Lovells International LLP

Address

Atlantic House, Holborn Viaduct EC1A 2FG London England

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Crown Commercial Service on behalf of HM Treasury : HM Treasury

Address

Floor 9, The Capital Building, Old Hall Street
Liverpool
L3 9PP
England

Telephone

3450103503

Email

supplier@crowncommercial.gov.uk

Website

https://www.gov.uk/government/organisations/crown-commercial-service