Regulatory

We are experienced in a wide range of matters relating to the regulation of banking, securities and investment firms in the UK, acting both for authorised firms and those seeking advice on authorisation. Our clients include funds, banks, broker-dealers, investment advisers, investment managers, providers of online trading platforms and startups. Reflecting the breadth of the sector, we are experienced across the full spectrum of products and asset classes including derivatives, forex, contracts for difference (CFDs) and hedge funds.

Our service often begins at the very inception of a financial business. This may include full applications for FCA authorisation, guiding the client through the preparation of the required forms and business plan, and assisting throughout the process. Alternatively, where appropriate, we may assist the client in obtaining appointed representative status, thereby enabling it to arrange/advise on deals in investments under the umbrella of an existing authorised firm.

Our regulatory practice has also expanded as a result of technological innovation. We have advised numerous participants on regulatory issues in the cryptocurrency markets, and our client base also includes a number of payment service providers and electronic money issuers.

We also have considerable expertise in the regulation of the marketing of investments and funds to UK investors, particularly those established in offshore jurisdictions aimed at high net worth investors.

We advise clients on PRA/FCA Handbook compliance issues and related legislation, including all relevant European law. This includes the Capital Requirements Directive, the Markets in Financial Instruments Directive (MiFID), the European Market Infrastructure Regulation, customer documentation, prime brokerage, white labelling, introducing broker, custody and other agreements and commercial documentation.

We are also experienced in advising individuals and institutions involved in regulatory investigations by various bodies and subject to regulatory action.