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financial services regulation

corporate-canary-wharf-night-panorama

Financial regulation is ever-evolving as it responds to changing markets, practices and technology. This presents a constant challenge to firms in the financial services sector. In the wake of the financial crisis, regulators around the world are embarking on a new drive for accountability and firms are required to devote increasing resources to governance and risk management. At the same time, financial crime and conduct risk issues are generating a raft of enforcement actions and substantial fines from regulators. For new market entrants, regulation is their primary challenge.

Our team of experts is accessible and responsive, with an enviable insight into the FCA and PRA and how their authorisation, supervision and enforcement divisions operate in practice. Combining our legal strength and industry knowledge, we play a key role in assisting our clients to plan for regulatory change. We have breadth and depth of regulatory experience and deliver commercially astute, high-quality and practical advice on contentious and non-contentious matters.

An important and growing aspect of our practice is advising FinTech firms, including in relation to their Regulatory Sandbox proposals and engagement with the regulators.

what we do...

  • Authorisation and the permissibility of activities
  • Anti-money laundering compliance
  • Senior executive responsibilities
  • The approved persons regime

  • EU passporting
  • Change in control applications
  • Investigations and enforcement actions
  • Matters affecting insurers and other financial institutions

related resources

Legal updates

FCA considers regulating all promotions and warns of “high risk” mini-bonds and peer-to-peer IFISAs

Following an “explosion” in online promotions for high yield investment opportunities, the FCA says a “strong case” could be made for regulating how investment products are marketed to retail investors.

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Legal updates

The disappearance of LIBOR

Companies should undertake a comprehensive review and audit to identify those products and legacy contracts that are LIBOR-linked and carry out an in-depth risk assessment of discontinuation. Where possible, companies should look at appointing an individual to oversee the programme.

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Legal updates

The biggest change to the UK companies register since 1844?

On 5 May 2019 BEIS (the Department for Business, Energy & Industrial Strategy) published a consultation on options to enhance the role of Companies House and increase the transparency of UK corporate entities.

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Legal updates

Modern Slavery Act 2015 – latest developments

Momentum is gathering in the call to take a tougher approach to how large businesses tackle modern slavery issues in their supply chains.

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