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Off-Sen - HMT FaCLS Panel Procurement - Overseas Framework Review

Crown Commercial Service

This public procurement record has 1 release in its history.

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25 Jan 2022 at 14:44

Award Notice
Summary of the contracting process

The procurement process initiated by the Crown Commercial Service is aimed at acquiring legal advisory services for HM Treasury, titled "Off-Sen - HMT FaCLS Panel Procurement - Overseas Framework Review." This process is classified under the legal advisory services industry, with a contract value of £150,000. The contract period spans from 20th December 2021 to 31st March 2022, following a selective procurement method that involved a call-off from a framework agreement. The procurement status is currently complete, with the tender stage having reached the award phase as of 20th December 2021.

This tender presents significant opportunities for businesses specialising in legal services, particularly those versed in regulatory matters pertaining to financial services. Firms that can navigate complex legal frameworks across jurisdictions would be well-suited to compete for this contract. The emphasis on understanding the UK's financial services regulatory perimeter means that businesses with expertise in cross-border financial advice and regulatory compliance can position themselves to benefit from this procurement process.

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Notice Information

Notice Title

Off-Sen - HMT FaCLS Panel Procurement - Overseas Framework Review

Notice 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4ad1e56d-7655-4485-a219-ea1d3c9f5aaf
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6109e3a0-ee9b-44f6-8d00-1f935d270240
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79140000 - Legal advisory and information services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
£150,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Jan 20224 years ago
Submission Deadline
15 Dec 2021Expired
Future Notice Date
Not specified
Award Date
20 Dec 20214 years ago
Contract Period
20 Dec 2021 - 31 Mar 2022 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Crown Commercial Service
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LIVERPOOL
Postcode
L3 9PP
Postcode Area
Liverpool
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
Not specified
Local Authority
Liverpool
Electoral Ward
City Centre North
Westminster Constituency
Liverpool Riverside

Supplier Information

Number of Suppliers
1
Supplier Name

Hogan Lovells International LLP

Further Information

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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