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 announced that the Upper Tribunal has upheld its decision to ban Toni Fox and David Brian Price from...
A round-up of other developments, which have not been covered in full by the LexisNexis Financial Services practical guidance team but may...
The Financial Conduct Authority (FCA) has welcomed a statement issued jointly by the Investment Association, Personal Investment Management &...
The Legal Services Board (LSB) has taken enforcement action against the Solicitors Regulation Authority (SRA) following an independent review of...
The Financial Conduct Authority (FCA) has responded to the government’s announcement of a survey on asset allocation related to the HM Treasury’s...
Latest Financial Services Practice Notes
Financial Services Compensation Scheme (FSCS)—fundingThe powers of the Financial Services Compensation Scheme (FSCS) to raise funds from the regulated...
Tax and hedge funds—structuring the hedge fund vehicleIn practice, both regulatory and tax considerations will drive the choice of a particular hedge...
Tax and hedge funds—management structureWhen considering how the investment management activities for a hedge fund should be structured, the legal...
UK Benchmarks Regulation—essentialsThis Practice Note explains the key features of Assimilated Regulation (EU) 2016/1011 (the UK Benchmarks...
Unregulated collective investment schemes—essentialsThis Practice Note examines the key regulatory considerations relating to unregulated collective...
Latest Financial Services Precedents
Specimen Dealing CodeThis Precedent is a memorandum that sets out the details of the ‘specimen’ dealing code. The specimen dealing code is the product...
Market Abuse Regulation—Issuer wall–crossing script with confidentiality and no trade conditions and email confirmationsStrictly private and...
Dealing Procedures ManualThis precedent memorandum sets out the procedures to be followed by a listed company and its subsidiaries in relation to...
Insider list—section relating to deal specific insidersArticle 18(1) of the UK Market Abuse Regulation (Assimilated Regulation (EU) 596/2014 (UK...
Insider list—section relating to permanent insidersArticle 18(1) of the UK Market Abuse Regulation (Assimilated Regulation (EU) 596/2014 (UK Market...
Latest Financial Services Q&As
Featured Financial Services content
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...
CMA identifies Monzo's breaches of Retail Banking Market Investigation Order and secures agreement for corrective action
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Insurance conduct regulation—COBS and ICOBS
Insurance conduct regulation—COBS and ICOBSThe Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of...
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...
FCA client money rules
FCA client money rulesBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...
Non-UCITS retail schemes (NURS)
Non-UCITS retail schemes (NURS)This Practice Note explores non-UCITS retail schemes (NURS) and comments on investment powers, key investor information...
Introduction to the UK AML/CTF/CPF legal and regulatory framework for financial services
Introduction to the UK AML/CTF/CPF legal and regulatory framework for financial servicesThis Practice Note provides a detailed introduction to the...
Debt sale and purchase agreements
Debt sale and purchase agreementsThe debt sale and purchase market is an important way for lenders and debt sellers to reduce balance sheet liability....
Consumer Credit Act 1974—early settlement
Consumer Credit Act 1974—early settlementIntroduction to early settlementBorrowers are entitled, at any time, to bring regulated agreements to an end....
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)?
FCA Handbook—introduction
FCA Handbook—introductionBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...
Unregulated collective investment schemes—essentials
Unregulated collective investment schemes—essentialsWhat are unregulated collective investment schemes?In the UK, an unregulated collective investment...
Credit limits
Credit limitsThis Practice Note provides an overview of the rules that apply to credit limits. A borrower will be set a credit limit on the maximum...
Consumer credit agreements—pre-contract requirements
Consumer credit agreements—pre-contract requirementsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
What are regulated activities?
What are regulated activities?Scope of this Practice NoteThis Practice Note explains what constitutes regulated activities under the UK regulatory...
MiFID and non-MiFID business
MiFID and non-MiFID businessThis Practice Note summarises what MiFID business is as the term is defined in the Financial Conduct Authority (FCA)...
Part VII Transfer of Banking Business
Part VII Transfer of Banking BusinessBackgroundAs noted in Practice Note: Insurance business transfer schemes, a regime for transferring portfolios of...
Financial Services Act 2012 [Archived]
Financial Services Act 2012The Financial Services Act 2012 (FSA 2012) received Royal Assent on 19 December 2012 and went into effect on 1 April 2013....
Associated legal terms
Exempt professional firm
A firm such as a law firm, whose professional body is a designated professional body.
Life policy
This is a type of regulated investment as defined in the Regulated Activities Order 2001, art 3.
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.
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