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Financial Services Regulatory

Our financial services regulatory practice is wide-ranging and covers both contentious and advisory matters.

Financial Services Regulatory

Investigations and Enforcement

We advise on a wide range of financial services regulatory contentious matters, including:

  • Information requests
  • Internal investigations
  • Announced and unannounced visits (“dawn raids”)
  • Settlement negotiations
  • Regulatory Decisions Committee meetings
  • Upper Tribunal hearings

Recent matters include:

  • Internal investigations
  • Advising on an internal investigation for a bank involving SMF misconduct
  • Advising a director of a listed company on their disclosure obligations
  • Acting for a firm seeking FCA registration as a cryptoasset exchange provider

Advisory

Transaction regulatory support

We work with our corporate team acting for buyers and sellers on mergers, acquisitions and corporate restructuring to advise on regulatory notifications sand approval processes and compliance risk allocation in transaction documentation.

  • Change in control
  • SPA clauses
  • Legal due diligence review

Perimeter advice and getting authorised

Does your business or commercial activity require PRA and/or FCA authorisation or registration? We can advise on whether or not you fall within the scope of regulation, and assist with any necessary applications.

  • Regulated activities
  • Registration under the MLRs (crypto)
  • E-money and payment services
  • Appointed representative arrangements
  • Advising on interactions with regulators, including FCA and PRA

Advertising and financial promotions

We advise both financial services firms sand unregulated firms such as marketing platforms, on how to comply with regulatory requirements applicable to financial promotions. This complex area of regulation is evolving rapidly in the UK and a series of fundamental changes are expected to come into force in the UK during 2022.

  • Advertising policies
  • Rules applicable to specific types of financial promotion
  • Financial promotions requiring approval, and availability of relevant exemptions

Employment and other BAU matters

We advise on regulatory matters arising in the course of your day to day business. Queries we commonly cover concern:

  • SMCR
  • Corporate governance
  • Employment contract terms
  • Remuneration
  • Fitness and propriety
  • Regulatory references
  • Whistleblowing
  • Outsourcing contracts and oversight arrangements
  • Regulatory disclosures

Cryptoassets, AI and fintech

We have a specialist focus on cryptoassets, including NFTs, and advise a wide range of firms son all aspects of legal and regulatory compliance.


Our Clients

We act for a broad range of financial services firms as well as individuals, including:

  • Banks
  • Investment firms and funds (including hedge funds)
  • Payment services and e-money firms
  • Appointed representatives
  • Cryptoasset firms
  • Social media platforms

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