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.

"Superb firm of solicitors handling the biggest of issues with know-how and producing excellent advice and outcomes for clients."

The Legal 500 UK 2021

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

David Capps Partner

T:  +44 20 7809 2463
M:  Email David | Vcard Office:  London

Lawyer

Justin McClelland Partner and Practice Group Leader

T:  +44 20 7809 2127
M:  Email Justin | Vcard Office:  London

Lawyer

Alan Ward Partner

T:  +44 20 7809 2295
M:  Email Alan | Vcard Office:  London

Latest news & insights

04 Mar 2024

From Insights

Singapore’s tough stance on Money Laundering

One of the world's largest anti-money laundering ("AML") operations was conducted in Singapore last year.

More

23 Dec 2020

From Insights

SFC consults on proposed enhancements to competency framework for intermediaries and individual practitioners

We have summarised the proposed changes to the Competence Guidelines and the CPT Guidelines in our latest article.

More

03 Jan 2019

From Insights

FCA fines for AML failings: important guidance for CEOs and boards

On 4 December 2018 the FCA published a Decision Notice in respect of Mohammed Ataur Rahman Prodhan, imposing a fine of £76,400 on the former CEO of Sonali Bank (UK) Lt..

More

print-footer
logo
© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.