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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

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Latest Financial Services Q&As

Q&As
Do the Consumer Credit Act 1974 requirements for annual statements for fixed sum loans set out in Schedule 1 to the Consumer Credit (Information Requirements and Duration of Licences and Charges) Regulations 2007, SI 2007/1167 need to be shown in any particular order? If not, is there a requirement for the required information and prescribed wording not to be interspersed with other information or wording?
Q&As
Under section 63(2) of Consumer Credit Act 1974 there is a duty to provide the customer with an executed copy of the agreement within seven days. Is there any prohibition to provide this electronically or does it have to be in the post?
Q&As
For the purposes of applying the foreign private adviser exemption under Rule 202(a)(30) of the Investment Advisers Act of 1940, which includes having fewer than 15 clients in the US, how does one determine whether the beneficiary of a fund counts as a ‘client in the US’?
Q&As
If a company, regulated by the Financial Conduct Authority has a number of global employees that work in the UK and are employed by the parent company, but the employees are to be transferred to a subsidiary company, are these employees subject to the Senior Managers and Certification Regime if they are employed by a UK regulated entity even though they are working for a non UK business and possibly/probably doing business outside the UK?
Q&As
If HMRC withdraws the tax relief from an enterprise investment scheme and they investigate the company and decide it doesn't meet the requirements of the scheme, what liabilities would financial advisors face who facilitate investment in these schemes?
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Associated legal terms

Feeder AIF

An AIF which: (i) invests at least 85% of its assets in units or shares of another AIF (the ‘master AIF’), (ii) invests at least 85% of its assets in more than one master AIF where those master AIFs have identical investment strategies, or (iii) has otherwise an exposure of at least 85% of its assets to such a master AIF (Directive 2011/61/EU (AIFMD), Art 4(1)(m)).

Lloyd's syndicate

Arises in connection with Lloyd's which is a market in the City of London where members join together as syndicates to insure risks.

Non-exempt activities order

The Financial Services & Markets Act 2000 (Non-Exempt Activities) Order 2001 is secondary legislation which contains a list of the activities to which the exemption to the general prohibition does not apply.
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