Regulation of capital markets

Navigate the complex landscape of capital markets regulation with ease. Our comprehensive guidance ensures you stay compliant with constantly evolving legal frameworks and assist clients effectively. Access the latest updates, expert analysis, and practical tools designed to support your practice in delivering precise and strategic regulatory advice.

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Capital markets investor protection Capital Markets Union Clearing and settlement of transactions in securities Credit rating agencies International Capital Market Association Market abuse and stabilisation Market abuse regime Offering securities Ongoing information and disclosure obligations Securitisation and structured products Short selling Trading securities UK public offers and admissions to trading regime

Latest Financial Services News

Lexis+ Financial Services—daily round-up (27 March 2026)

Lexis+ Financial Services—daily round-up (27 March 2026)

A round-up of financial services developments, including HMT and lenders discuss potential impact of Iran conflict on UK customers....

Financial Services weekly highlights—26 March 2026

Financial Services weekly highlights—26 March 2026

This week's edition of Financial Services weekly highlights includes: PRA fines Bank of London and its parent company Oplyse Holdings Limited £2m; FCA...

Supreme Court holds Russia sanctions suspend payment obligations under letters of credit pending licence and clarifies scope of SAMLA section 44 defence (UniCredit Bank GmbH, London Branch v Constitution Aircraft Leasing (Ireland) 3 Ltd and another; UniCredit Bank GmbH, London Branch v Celestial Aviation Services Ltd)

Supreme Court holds Russia sanctions suspend payment obligations under letters of credit pending licence and clarifies scope of SAMLA section 44 defence (UniCredit Bank GmbH, London Branch v Constitution Aircraft Leasing (Ireland) 3 Ltd and another; UniCredit Bank GmbH, London Branch v Celestial Aviation Services Ltd)

The Supreme Court has unanimously dismissed the appellants’ appeal and allowed the respondent’s cross-appeal in UniCredit Bank GmbH, London Branch v...

Lexis+ Financial Services—daily round-up (26 March 2026)

Lexis+ Financial Services—daily round-up (26 March 2026)

A round-up of financial services developments, including (among other things) PRA and BoE publish policy and supervisory statements on resolution...

Featured Financial Services content

Financial Conduct Authority—Principles for Businesses (PRIN)

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

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 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 regime

Second charge mortgage regimeSecond charge mortgages definedA regulated second charge mortgage is a loan secured on a borrower’s property that is used...

Practice notes

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...
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30th May
Practice notes

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...
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Produced in partnership with Elizabeth Budd of Pinsent Masons
13th Oct
Practice notes

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...
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2nd Jun
Practice notes

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....
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2nd Jun
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Practice notes

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....
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Produced in partnership with George Mallet of Henderson Chambers
13th Oct
Q&As

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)?

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...
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Produced in partnership with Russell Kelsall of Walker Morris
13th Oct
Practice notes

FCA Handbook—introduction

FCA Handbook—introductionBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...
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30th May
Practice notes

Unregulated collective investment schemes—essentials

Unregulated collective investment schemes—essentialsWhat are unregulated collective investment schemes?In the UK, an unregulated collective investment...
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Produced in partnership with Lora Froud of Macfarlanes
13th Oct
Practice notes

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...
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2nd Jun
Practice notes

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...
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Produced in partnership with Dan Jones of Orrick, Herrington & Sutcliffe and Guy Stevenson of Orrick, Herrington & Sutcliffe
13th Oct
Practice notes

What are regulated activities?

What are regulated activities?Scope of this Practice NoteThis Practice Note explains what constitutes regulated activities under the UK regulatory...
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2nd Jun
Practice notes

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)...
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2nd Jun
Practice notes

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...
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30th May
Practice notes

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....
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30th May
Practice notes

The general prohibition and implications of its breach

The general prohibition and implications of its breachThe general prohibitionUnder section 19 of the Financial Services and Markets Act 2000 (FSMA...
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30th May
Practice notes

Suspicious transaction and order reports (STORs) under the UK Market Abuse Regulation

Suspicious transaction and order reports (STORs) under the UK Market Abuse RegulationThis Practice Note details the suspicious transaction and order...
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2nd Jun

Popular documents

Does section 89 of the Financial Services Act 2012 apply to investments in private as well as public

Does section 89 of the Financial Services Act 2012 apply to investments in private as well as public companies?Section 89(2) of the Financial Services Act 2012 (FSA 2012) details that a person commits an offence if they make a statement or conceals facts with the intention of inducing, or is

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin