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SCPC1_2 - Contract Incorporating the Standard Commercial Property Conditions (Third Edition - 2018 Revision)

Last EFIS release: 37/2018 (March 2018)

Form status: New/Amended

Pursuant to the information supplied to you on EFIS No.113/2017 following the Law Society's press notice dated 15th November 2017, the changes to the definition of a "clearing bank" in condition 1.1.1(c) of SCPC have now been agreed between Oyez's representatives on the Joint Working Party (JWP) and their Law Society counterparts.

These amendments have arisen as a result of the Bank of England taking direct delivery of the CHAPS system on 13h November 2017.

Conveyancers are now requested to use this latest version of SCPC on and after 26th March.

More detailed information regarding these changes is available from the Law Society's website at:-

http://www.lawsociety.org.uk/news/stories/revisions-to-standard-conditions-of-sale-and-standard-commercial-property-conditions and in the Law Society's Gazette or online at http://www.lawgazette.co.uk

All EFIS releases

EFIS 37 - 2018 March 2018  New/Amended
EFIS 50 - 2017 May 2017  New/Amended
EFIS 48 - 2017 April 2017  New/Amended
EFIS 41 - 2004 July 2004  New/Amended
EFIS 26 - 2004 June 2004  New/Amended