About Financial Services Law
It’s the known unknowns and the unknown unknowns that make Financial Services such a fascinating and challenging area of law. Advising clients in the here and now, or helping them plan ahead, how are you sure you haven’t missed something?
Financial Services Enforcement Database
Our Financial Services Enforcement Database includes hundreds of FCA, PRA and PSR enforcement actions. Searches can be filtered by multiple criteria such as rule breach, saving lawyers time and money.
FCA Consumer Duty
Our resources enable customers to stay updated with key developments. Materials include details on the rules and guidance, analysis, sectoral implications, a timeline, and checklists on key compliance issues.
Key developments and horizon scanning
Our current awareness offering includes daily, weekly and intraday alerts. We have a suite of comprehensive horizon scanners and timelines on many topics, enabling lawyers to stay on top of regulatory changes
Sustainable finance and ESG
Sustainable finance and ESG are becoming increasingly important for financial institutions and their lawyers. Our practical guidance, summaries, timelines and toolkits help practitioners navigate this complex area
Topics We Cover
Our Financial Services Experts
Dan Jones
Neil Jepson
James Henson
James Burnie
Guy Wilkes
Latest Financial Services News
The Financial Conduct Authority (FCA) has published a letter from its chief executive, Nikhil Rathi, to Lord Forsyth of Drumlean of the House of Lords...
HM Treasury has announced that as part of Chancellor Rachel Reeves’ plan for a Financial Services Growth and Competitiveness Strategy, Reeves will...
Law360, London: Britain’s Financial Conduct Authority (FCA) must step in to protect customers from unfair claims handling practices by insurers that...
The European Banking Authority (EBA) has launched its 2025 EU-wide stress test and released the macroeconomic scenarios. The EBA expects to publish...
The European Securities and Markets Authority (ESMA) has published a statement regarding the compliance of certain cryptoasset service providers...
Latest Financial Services Practice Notes
Prudential requirements for UK insurers—introductionIntroduction to the prudential regulatory framework for UK insurers within the scope of UK...
International official financial sanctions listsThis Practice Note contains a table of international financial sanctions lists with links to the...
Setting up a corporate joint venture—initial considerationsJoint ventureThe term joint venture has no specific legal meaning under UK law. It is...
Sustainability-linked loansThis Practice Note provides information on sustainability linked loans (SLL) and key issues to consider when drafting and...
International sanctions—an introductionWhat are sanctions?Sanctions are non-permanent restrictions or prohibitions imposed by governments that...
Latest Financial Services Precedents
Limited partnership agreement—private fund limited partnershipThis limited partnership Agreement is made on [insert day and month] 20 [insert...
Environmental Targets for a Limited Partnership Agreement (Stella & Flora’s Clause) (The Chancery Lane Project)Additional/Amended Recital:[Name of...
Retained EU law—training materials [Archived]ARCHIVED: This Precedent has been archived and is not maintained.These training materials consist of...
Model discretionary investment management agreementThe model discretionary investment management agreement can be found on the Investment...
Specimen Dealing CodeThis Precedent is a memorandum that sets out the details of the ‘specimen’ dealing code. The specimen dealing code is the product...
Latest Financial Services Q&As
Featured Financial Services content
The Money Laundering Reporting Officer (MLRO)
The Money Laundering Reporting Officer (MLRO)This Practice Note provides information on the role of the nominated officer and the Money Laundering...
Financial Conduct Authority—Principles for Businesses (PRIN)
Financial Conduct Authority—Principles for Businesses (PRIN)This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial...
Second charge mortgage regime
Second charge mortgage regimeSecond charge mortgages definedA regulated second charge mortgage is a loan secured on a borrower’s property that is used...
Financial Conduct Authority—objectives and principles
Financial Conduct Authority—objectives and principlesThe role of the FCAThe Financial Conduct authority (FCA) forms part of the regulatory structure...
Accepting deposits
Accepting depositsBackground to the regulated activity of accepting depositsUnder section 19 of the Financial Services and Markets Act 2000 (FSMA...
What is electronic money?
What is electronic money?BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...
Fund management—Cayman Islands—Q&A guide
Fund management—Cayman Islands—Q&A guideThis Practice Note contains a jurisdiction-specific Q&A guide to fund management in Cayman Islands published...
Insurance conduct regulation—COBS and ICOBS
Insurance conduct regulation—COBS and ICOBSBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
Non-UCITS retail schemes (NURS)
Non-UCITS retail schemes (NURS)This Practice Note explores non-UCITS retail schemes (NURS) and comments on investment powers, new rules on NURS...
Complying with the collective investment schemes sourcebook (COLL)
Complying with the collective investment schemes sourcebook (COLL)The Financial Conduct Authority’s Collective Investment Schemes Sourcebook (COLL) is...
Different types of short selling
Different types of short sellingShort selling: the two key typesRegulation (EU) 236/2012 (OJ L 86/1) (the EU Short Selling Regulation) came into force...
Where a lender is required to send notices of sums in arrears on a fixed sum loan under section 86B of the Consumer Credit Act 1974 (CCA 1974) and the customer clears the arrears but leaves default sums outstanding, is the lender required to keep sending subsequent notices of sums in arrears under CCA 1974, s 86B(5)(b)?
What are regulated activities?
What are regulated activities?Under the general prohibition a person cannot carry out a regulated activity, or purport to carry out a regulated...
Multilateral Trading Facilities (MTFs)
Multilateral Trading Facilities (MTFs)BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
Regulated activities relating to dormant assets
Regulated activities relating to dormant assetsBackground to regulated activities relating to handling dormant assetsUnder section 19 of the Financial...
UK regulation of payment services providers—essentials
UK regulation of payment services providers—essentialsScope of this Practice NoteThe Payment Services Regulations 2017, SI 2017/752 (PSRs 2017)...
Unregulated collective investment schemes—essentials
Unregulated collective investment schemes—essentialsWhat are unregulated collective investment schemes?In the UK, an unregulated collective investment...
Complaints handling by financial services firms
Complaints handling by financial services firmsCORONAVIRUS (COVID-19): The FCA has issued a statement setting out its expectations on complaints...
Associated legal terms
Article 67 exclusion
An exclusion applies to the regulated activities of dealing, arranging, safe custody and assets and applies when the regulated activity may reasonably be regarded as a necessary part of other services provided in the course of that business
Jersey property unit trust (JPUT)
This is a property holding trust. The key features are: • they are constituted by trust instruments under Jersey law • the legal person or persons are the trustees, ie the persons who will enter into documents as the property owner • the trust fund comprises the capital assets, eg the property, but does not include the income earned for the property • the entitlement of the beneficiaries of the trust is unitised, meaning that investors own securities (units) which are transferable and which represent an entitlement in the trust fund • a register is maintained in Jersey of each unitholder’s number and class of units in the same way that a share register is maintained for a company—the register is not public
SRA Financial Services (Conduct of Business) Rules 2001
Rules made by the SRA which apply when exempt professional firms carry on exempt regulated activities and authorised professional firms carry on non-mainstream regulated activities.
CONTACT US
