Regulatory compliance

Financial regulation is constantly evolving with ever more Byzantine, copious and intrusive rules. In an already competitive global environment this creates additional challenges for financial services firms. We are expert in guiding clients through their regulatory obligations in a practical, commercial way, providing bespoke technical advice on complex legal and regulatory issues.
  • Profile
  • Experience
  • Key contacts

The regulatory compliance group draws on a wealth of expertise from across the firm to assist our clients on a range of financial regulatory compliance issues. Our lawyers regularly participate in industry groups and sit on committees, such as the City of London Law Society’s Regulatory Committee and various working groups of the Bank of England’s Financial Markets Law Committee.

We assist clients with both technical non-contentious financial regulatory issues as well as clients' interactions with regulators. We have particular expertise in complex custody and client money issues. We also represent clients in regulatory enforcement actions working closely with our leading regulatory litigation team.

With the increasingly global nature of regulatory compliance, we have well established links with high quality firms in other jurisdictions, as well as our own overseas offices.

We act for a wide range of clients from very large, household-name financial services firms through to specialist boutiques. We have worked with a number of our clients for a period of years which allows us to develop an in-depth understanding of our clients' businesses and the driving force behind them.

Regulatory authorisations and permissions

We assist clients with new authorisations and variations of permission and provide related advice including reviewing internal systems and controls.

European/UK regulatory developments

We advise clients on the impact of new and forthcoming financial regulation, including MiFID II/MiFIR. We are experienced at updating legacy client documentation to reflect new regulatory requirements.

Conduct of business

We advise 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.

Regulatory scrutiny and enforcement actions

We are experienced in assisting our clients in their interaction with regulators. We act for clients in regulatory investigations and enforcement actions working closely with our regulatory litigation team.

Custody/client money

We routinely advise a number of global financial institutions in relation to complex custody and client money matters, including in relation to issues arising out of the clearing and settlement of derivatives contracts. We advised a leading asset manager on custody and client money issues arising out of the bulk transfer of ISAs and savings accounts. We also recently drafted a template global custody agreement on behalf of an international bank.

Corporate support

We frequently advise 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.

Remuneration

We advised a Level 1 entity on its Remuneration Policy. We have also assisted clients with provisions for clawback and malus as well as the impact of CRD IV remuneration requirements.

AIFMD/funds

We have 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.

Lawyer

Richard Small Partner

T:  +44 20 7809 2424
M:  +44 7525 896 736 Email Richard | Vcard Office:  London

Latest news & insights

16 Aug 2016

From Insights

Dangers of selling managed real estate projects, Structuring unregulated multi-investor private investment vehicles

During this year, certain court decisions and SFC enforcement activity have shed some light on the regulatory issues arising when structuring and selling real estate i..

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12 Jul 2016

From Insights

BREXIT: The MiFID passport

A significant part of the UK's financial services industry relies on the passport under the MiFID to provide its services in other Member States of the EEA. The loss o..

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05 Jul 2016

From Insights

BREXIT: The AIFMD passport

The AIFMD creates a single pan-EEA regulatory framework for the managers of alternative investment funds. This overview considers the potential availability of the pan..

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24 Jun 2016

From Insights

BREXIT: What now?

The results of the referendum on whether or not the UK should remain in the European Union are in and the British public have voted to leave. What does this mean?

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01 Jun 2016

From Insights

Burden on compliance functions revealed – the real cost of the regulatory “perfect storm”

On 24 May 2015, the FCA published a report by consultancy firm John Howell on how banks have responded to rules intended to hold them accountable for money laundering ..

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10 Feb 2016

From Insights

Custody and client money watch - Issue 1

In this issue we look at what you should be doing now about the Securities Financing Transactions Regulation, the current rules on title transfer collateral arrangemen..

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05 Jan 2016

From Insights

Spotlight on regulatory compliance

Financial regulation is constantly evolving with ever more byzantine, copious and intrusive rules, whose reach is ever-widening. Richard Small highlights where early-s..

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16 Dec 2015

From Insights

Media coverage: LexisNexis - Controlling exposure to risk following Barclays' record fine

Alan Ward examines what firms need to consider in the context of the FCA actions.

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16 Jul 2015

From News

Cyber investigations service launches

Leading experts in cyber investigations issues have joined forces to roll out a unique full-service cyber investigations and compliance team.

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