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
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James Henson
James Burnie
Guy Wilkes
Latest Financial Services News
Law360, London: The Financial Conduct Authority (FCA) outlined its next steps to prevent financial crime at its annual general meeting (AGM) on 9...
The Financial Conduct Authority (FCA) has announced a partnership with Raidiam and the launch of two TechSprints to accelerate the delivery of open...
The Financial Conduct Authority (FCA) has published a blogpost by Jamie Bell urging firms to accelerate preparations for the UK's transition to T+1...
The Financial Stability Board (FSB) has published a letter from its Chair, Andrew Bailey, to G20 Finance Ministers and Central Bank Governors ahead of...
The European Securities and Markets Authority (ESMA) has published its final report recommending amendments to the Regulatory Technical Standards...
Latest Financial Services Practice Notes
Supply chains under data protection law—arrangements between controllers and processorsFORTHCOMING CHANGE: On 19 June 2025, the Data (Use and Access)...
Comparative advertisingMany businesses wish to promote their goods or services by reference to those of a competitor to gain a commercial advantage....
Monitoring staff, IT and communications systems in the workplaceThis material considers Assimilated Regulation (EU) 2016/679, the UK General Data...
Proceeds of Crime Act 2002—information sharing in the regulated sector—superSARsThis Practice Note explains the provisions of the Proceeds of Crime...
Money Laundering Regulations 2017 (MLRs)—financial services firms in scopeThis Practice Note considers which financial services firms are in scope of...
Latest Financial Services Precedents
Financial services outsourcing agreement (intra group)This Agreement is made on [insert date]Parties1[Insert name of party] a company incorporated in...
Model discretionary investment management agreementThe model discretionary investment management agreement can be found on the Investment...
Time of the essence clause1Time to be of the essence of all clausesEach time, date or period referred to in this agreement (including any time, date...
Unsecured employee loan agreement—company and employee—short-formThis Agreement is made on [insert date]Parties1[insert name of employee borrower], of...
Commencement and term clause1Effective date1.1Effective date (specified future date, date of signature or specified previous date)This Agreement...
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
The Competition and Markets Authority (CMA) has identified several breaches by Monzo Bank Limited (Monzo) of the Retail Banking Market Investigation...
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 firms register
Exempt professional firms can carry on insurance mediation but their details must be included on the FSA's Exempt Professional Firms Register.
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.
Multi-tied agent
These are financial advisers who are able to recommend products from a limited number of providers.
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