Welcome to Matheson’s Private Client podcast series in which members of the Private Client Department provide updates on recent law and tax changes and other issues impacting private clients and those advising them.
In this episode Paraic Madigan, head of the Private Client Department, Joe Beashal, partner in the Financial Institutions Group and head of the Regulatory Risk Management and Compliance team, and Lydia McCormack, a senior associate of the Private Client Department discuss the Assisted Decision Making Capacity Act 2015 (the ''Act''). The podcast focuses on the impact of the Act for financial bodies and intermediaries and is aimed at those working in, or advising on, the financial sector. In particular it focuses on what it will mean for financial bodies if they are considered “interveners” under the Act and how financial bodies will manage a potentially conflicting duty under the Consumer Protection Code and the Act.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.