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 an engagement paper for its proposal for AI Live Testing. The paper outlines a plan to support the...
The Bank of England (BoE) has published a speech by its deputy governor for markets and banking, Dave Ramsden, delivered at the Innovate Finance...
The European Commission has adopted a delegated regulation supplementing the Markets in Cryptoassets Regulation (Regulation (EU) 2023/1114) (MiCA)...
The Financial Conduct Authority (FCA) has published a speech by its joint executive director of enforcement and market oversight, Therese Chambers,...
The European Securities and Markets Authority (ESMA) has published supervisory guidelines under the Market in Crypto Assets Regulation (MiCA) to...
Latest Financial Services Practice Notes
Sanctions regime—RussiaThe Russia (Sanctions) (EU Exit) Regulations 2019, SI 2019/855, made under the Sanctions and Anti-Money Laundering Act 2018...
Different types of short selling in the UKShort selling: the two key typesThe onshored Short Selling Regulation, Assimilated Regulation (EU) 236/2012...
SM&CR—applications to perform SMFs, notifications, and withdrawal of approval The Senior Managers and Certification Regime (SM&CR) and the Approved...
UK Market Abuse Regulation—level 2 and level 3 measuresUK Market Abuse Regulation level 2 and 3 measuresThis Practice Note lists the delegated acts,...
EU EMIR and UK EMIR—comparisonThis Practice Note tracks divergence between European Market Infrastructure Regulation (EU) 648/2012 (EU EMIR) and...
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...
Limited partnership agreement—private fund limited partnershipThis limited partnership Agreement is made on [insert day and month] 20 [insert...
Sustainability glossary terms (The Chancery Lane Project)These Precedent sustainability definitions, produced by The Chancery Lane Project (TCLP) as...
Specimen Group-Wide Dealing PolicyThis precedent memorandum sets out a ‘specimen’ group-wide dealing policy published by The Chartered Governance...
Precedent notice for use with exempt financial promotions to high net worth individuals and self-certified sophisticated investorsWarning: The content...
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...
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...
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 22 and 29 exclusions
Exclusions which can be used to avoid dealing as agent or arranging a transaction by entering into such a transaction on the advice of an authorised person
Controlled investment and controlled activity
Investments and activities which are listed in the FPO.
Fintech
A wide range of activities in which companies use technology to make financial services, enable financial services or drive technological innovation of financial services. This could be in the areas of banking, insurance, investing and can be in relation to both retail and corporate markets.
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