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
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 published quarterly consultation paper No. 48 (CP25/16) to propose a series of amendments to its Handbook...
The Financial Conduct Authority (FCA) has led an international initiative to address unauthorised financial promotions by social media finfluencers....
The European Commission has adopted a Delegated Regulation supplementing Regulation (EU) 2023/1114 (Markets in Cryptoassets Regulation (MiCA)) with...
The European Central Bank (ECB) has confirmed that, from 2 July 2025, 24 additional banks will be incorporated into the euro short-term rate (€STR)...
Latest Financial Services Practice Notes
Promotion of unregulated collective investment schemes (UCIS)This Practice Note examines the restrictions on promoting unregulated collective...
Venture capital investmentVenture capital is a type of private equity investment provided to early stage, start-up businesses with little or no...
SM&CR—essentials for claims management companiesIntroductionThe Financial Conduct Authority (FCA) took over regulation of the claims management sector...
Supranational regulation of digital assets from a payments and e-money perspectiveBackground to this Practice NoteIn this Practice Note, the term...
How to deal with the FCAStop Press: On 3 June 2025, the FCA published Policy Statement PS25/5, introducing the new Enforcement Guide (ENFG), which...
Latest Financial Services Precedents
Environmental Targets for a Limited Partnership Agreement (Stella & Flora’s Clause) (The Chancery Lane Project)This clause consists of amendments and...
Sustainability glossary terms (The Chancery Lane Project)These Precedent sustainability definitions, produced by The Chancery Lane Project (TCLP) as...
Joint and several liability clause1Joint and several liability[Except for clauses [insert],] the liabilities and obligations of [insert names of...
Dealing Procedures ManualThis precedent memorandum sets out the procedures to be followed by a listed company and its subsidiaries in relation to...
Model discretionary investment management agreementThe model discretionary investment management agreement can be found on the Investment...
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
Demands and needs statement
Firms which arrange and/or recommend contracts of insurance for a client must comply with the SRA Financial Services (Conduct of Business) Rules 2001 and provide their client with a demands and needs statement in most cases
Disclosure Guidance and Transparency Rules
The Disclosure Guidance and Transparency Rules sourcebook containing the Disclosure Guidance given in the Financial Conduct Authority Handbook and contained within DTR 1-3. The DTRs also include:
• the Transparency rules relating to the notification and dissemination of information in respect of issuers of transferable securities and relating to major shareholdings.
• Corporate Governance Rules (DTR 1B, 4 and 7) for the purpose of implementing or dealing with matters regarding any EU law obligation relating to the corporate governance of issuers who have requested or approved admission to trading of their securities and about corporate governance in relation to such issuers for the purpose of implementing, or dealing with matters regarding any EU law obligation.
• rules relating to primary information providers. When considering this term in the context of financial services, reference should be made to the FCA Handbook glossary definition of DTR.
Execution-only
The phrase used to describe the business arrangement where a firm performs a regulated activity for a client without giving any advice.
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