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
On 14 November 2024, the Sanctions (EU Exit) (Miscellaneous Amendments) (No.2) Regulations 2024, SI 2024/1157, were laid in Parliament. This...
The European Supervisory Authorities (ESAs) have released their resolution containing the reporting obligations for competent authorities concerning...
HM Treasury (HMT) has issued recommendations (a) to the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) on payments...
The Financial Conduct Authority (FCA) has published Discussion Paper DP24/2, seeking industry feedback on potential improvements to the UK transaction...
The Prudential Regulation Authority (PRA) has published policy statement PS15/24 finalising its rules and policy materials that will replace Solvency...
Latest Financial Services Practice Notes
FCA and PRA disclosure issues—one minute guideFinancial Services Enforcement Database: This incorporates detailed information on all substantive FCA...
Use of attestations by the FCA and the PRAThe Financial Services Enforcement Database incorporates detailed information on all substantive FCA and PRA...
FCA and PRA search and seizure powers and dawn raidsThe Financial Services Enforcement Database incorporates detailed information on all substantive...
FCA and PRA authorisation under Part 4A of FSMA 2000STOP PRESS: FCA Policy Statement PS21/16 set out reforms to the FCA’s decision-making process,...
Different types of short selling in the UKShort selling: the two key typesThe onshored Short Selling Regulation, Assimilated Regulation (EU) 236/2012...
Latest Financial Services Precedents
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...
Specimen Group-Wide Dealing PolicyThis precedent memorandum sets out a ‘specimen’ group-wide dealing policy published by The Chartered Governance...
Financial services outsourcing agreement (intra group)This Agreement is made on [insert date]Parties1[Insert name of party] a company incorporated in...
Retained EU law—training materials [Archived]ARCHIVED: This Precedent has been archived and is not maintained.These training materials consist of...
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 19Â 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
defective title insurance
A regulated investment which is a type of contract of general insurance.
Reverse Takeover
An acquisition of a business, unlisted company or assets where any percentage ratio is 100% or more or which would result in a fundamental change in the business or in a change in the board or voting control of the listed company.
Safeguarding and administering investments
This is the regulated activity of safeguarding assets belonging to another and the administration of those assets (security or contractually based investments), or arranging for another person to carry on this activity (article 40 of the Regulated Activities Order).
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