Our financial services regulatory practice advises clients (which include institutional and alternative investment managers, retail and investment banks, brokerages and senior individuals within financial institutions) on all aspects of the UK and EU financial services regulatory framework. We have taken a leading role in advising the financial services industry on regulatory actions and the impact of EU legislation (including the Alternative Investment Fund Managers Directive (AIFMD), the revised Markets in Financial Instruments Directive and the corresponding Regulation (MiFID II) and the Market Abuse Regulation (MAR)), as well as a wide range of other UK and EU legal and regulatory enactments.
We frequently work with colleagues operating in the United States and Asia on cross-border financial services advisory matters and investigations to provide clients with a fully integrated legal service focused on securities laws, compliance and regulation. Our understanding of the regulatory framework and regimes within multiple jurisdictions enables us to help clients to identify differences in the regulation of their businesses across the globe, and manage risk accordingly.
Our contentious team, which is praised by Chambers UK for being “highly effective on big regulatory investigations,” and having “an invaluable insight into the regulator’s stance” is consistently recognised as a market leader for enforcement and investigations work, with an in-depth understanding gained from years of experience working at the regulators and for regulated businesses. Our team assists clients with all aspects of dealing with the Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA), including investigations, information requests, product intervention queries, broader supervisory enquiries and thematic reviews, and s166 reports.
Our highly regarded non-contentious advisory team provides practical and commercial guidance on often complex financial regulatory issues in the UK and the EU, assisting clients with navigating the constantly evolving regulatory environment. Our team is consulted by clients’ senior management and compliance teams on the conduct of financial services business in the UK and the EEA, often on a cross-border basis, and advises on issues including the requirement for, and obtainment of, authorisation; the control and ownership of financial services firms; markets and trading; the development of financial products and services; the implementation of governance systems and controls; the FCA/PRA approved person regime; the FCA conduct of business rules; market abuse and market conduct rules; and the marketing of financial services and products in the UK and the EEA.