FCA perimeter advice, authorisations and permissions
General FCA perimeter advice. Assisting clients with new authorisations and variations of permission and provides related advice including reviewing internal systems and controls.
Conduct of business
Advising on conduct of business issues arising out of the FCA Handbook, including the FCA’s rules on best execution, use of dealing commissions and conflicts of interest.
Advising a Category 4 LME member on the ability of appointed representatives to enter into LME contracts. Representing an African oil company in a dispute in relation to the raising of finance for participation in Kenya's Open Tender System for the supply of petrol. Representing a market maker in relation to an FCA investigation into alleged market abuse failings in connection with a number of natural resource issuers.
Frequently advises on the regulatory aspects of M&A and corporate finance transactions, including in connection with FCA change in control notifications, the financial promotions regime and disclosure under the Disclosure and Transparency Rules.
More: Regulatory compliance
UK insurance broker
Advising on potential breaches of the Iranian sanctions regime in connection with insurance intermediation. Related advice on systems and controls failures under the Money Laundering Regulations and the FCA Handbook.
Japanese oil & gas company
Advising on the impact of the imposition of international sanctions on Iran on the ongoing participation in an oil and gas project in Iran.
UK corporate finance house
Advising on the implication of the EU sanctions regime on Russia on a UK corporate finance house acting on behalf of an entity engaging in the sale of a material asset to a Russian SDN.
Advising a UK corporate finance house on the scope of the dual-use sanctions on Russia in connection with arranging transaction financing.
Market abuse and systems and controls failures
Acting for a market maker in an FCA investigation in relation to allegations of breaches of the market abuse regime and related systems and controls failings.
Foreign exchange investigation
Assisting on the UK and cross-border aspects of a US led regulatory investigation and private action in connection with alleged abuses of the spot FX markets.
Representing a UK listed Chinese entity in connection with regulatory scrutiny relating to various potential breaches of the Disclosure and Transparency Rules.
More: Regulatory litigation
Banking and financial services regulation
European/UK regulatory developments
Advising clients on the impact of Brexit as well as new and forthcoming financial regulation, including MAR/MiFID II/MiFIR. Updating legacy client documentation to reflect new regulatory requirements.
Advising clients on complex custody and client money matters, including in connection with the clearing and settlement of derivatives contracts. Advised a leading asset manager on custody and client money issues arising out of the bulk transfer of ISAs and savings accounts.
Obtained cross-jurisdictional approval for various leading US asset managers to market their funds across Europe under the AIFMD including, where necessary, the appointment of depositary-lites.
More: Banking and financial services regulation