14. Taking control of goods or distraint
RegCanary analysis of a HMRC publication
Why it matters
RegCanary's analysis of what this means for regulated firms.
Compliance teams should review the guidance to understand the legal requirements and procedures involved, as well as the potential business impacts. Key actions include ensuring appropriate policies and processes are in place to manage debt recovery through this method, and training relevant staff on the applicable rules and best practices.
Who this affects
Sectors and firm types identified in the analysis.
- Banking
- Investment Management
- Consumer Credit
- Lending
Source
HMRC
Original publication, 23 October 2026
Read the original publication gov.ukThis is RegCanary's analysis, not the regulator's text. It summarises and interprets the publication above; it is not the HMRC's original wording, and it is not legal advice. Always rely on the original source.