Law Commission 13th Programme of Law Reform
Last updated: 19 Jul 2016
- Consulting body:
- Law Commission
- Period of consultation:
- Runs from 14 July 2016 to 31 October 2016
- CML action:
- Response submitted
The Law Commission opened a consultation on their 13th Programme of Law Reform, asking whether banks’ duties to customers should be reviewed, and a stronger duty of care introduced. The consultation also invited views on how leasehold law can be improved.
We have now responded to the consultation, noting that we do not believe there would be merit in reviewing and restating the duty of care banks and other financial services providers as they already have well-established approaches to treat customers fairly and with due regard to their interests.
We have requested that the Law Commission consider changes to the law of forfeiture, including the difficulties obtaining relief from forfeiture, as we also suggest a review of the Law of Property Act 1925 with a view to rebalancing the interests of the parties.
The full CML response can be downloaded below.