Skip to main content
Menu

We are committed to minimising regulatory intervention by delivering commercially sensitive and business focused advice.

The ever-increasing regulatory burden for financial services firms requires a bespoke approach to legal support. That’s why we listen to our clients, tailoring everything we do to your commercial needs and ethos.

We work collaboratively with clients to help you comply with domestic and European financial services legislation and Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) rules and guidance.

We understand that you need a legal team you can trust to navigate the complex regulatory waters quickly and accurately. Whether we’re drafting documents and guidance for the distribution of retail products to consumers, negotiating complex investment management agreements or high value outsourcing agreements, or advising on payment services, e-money, financial promotions or consumer credit regulation under the FCA, it matters to us that you feel you’ve received an outstanding client experience.

Our clients range from general and life insurers, fund managers, pension funds, custodian banks, corporate trustees, retail banks, brokers, building societies, friendly societies, consumer credit firms, payment services firms and e-money issuers and corporate finance firms through to IFAs and wealth managers.

Most importantly, we believe in long-standing relationships with our clients. That’s why we consider your needs and build tailored teams that respond to your full range of legal needs, at all times. We ask the right questions so that we can get the right results – delivering clear, practical and actionable advice. 

Get in touch

Partner
T:+44 (0)207 788 2334

What we do

We have experience in the following areas:

  • Applications to the PRA and FCA for authorisation, variation and cancellation of permissions and changes in control
  • Compliance with PRA and FCA rules and guidance
  • Distribution agreements for retail financial services products
  • Payment services and e-money issuance
  • Introducer and appointed representative agreements
  • Material outsourcing agreements
  • Financial promotions
  • Investment management agreements
  • Custody agreements
  • Consumer credit regulation
  • Product development and compliance.

Examples of work

Major National Retailer

  • We provided advice on the distribution of retail financial services products, and the consequences of their interaction with the new consumer credit regime under the FCA. In particular, we advised on the necessary permissions for consumer credit activities and the effect they would have on the client's Appointed Representative relationship with another financial service provider. This involved a full assessment of the client's business model and business objectives in light of the new consumer credit regime, as well as the options available for continuing to act in a compliant manner.

Financial Institutions and national retailers

  • We provide advice to a number of financial institutions and national retailers on their applications to the FCA for authorisation to carry on credit-related regulated activities.

Pension scheme

  • We have reviewed and provided advice on investment management agreements for the investment of the pension scheme assets including custody and risk analysis.  We have provided this regular support to our client over many years.

Telecommunications operator

  • We advised our client on the suitability of the proposed arrangements with a third party online retailer of mobile phone accessories and the potential regulatory implications arising from the Payment Services Regulations in the context of the agreement.