Financial Services & Regulation
Our Financial Services & Regulation team can provide a wide range of legal services advice associated with the regulated financial sector.
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With leading practices in the UK’s two biggest financial services centres, London and Edinburgh, our team combines wholesale and retail, contentious and non-contentious expertise across banking, insurance, asset management and financial intermediation. You can be assured we understand the regulatory context in which you operate and recognise the importance of finding commercial solutions.
Our specialist regulatory lawyers advise retail and wholesale financial services firms on managing regulatory risk and resolving and avoiding regulatory action and disputes.
Having represented firms in over 400 regulatory investigations and enforcement proceedings, our team combines knowledge of regulated businesses with a clear understanding of what the regulators require.
We use that experience to help clients manage and grow their businesses through the development of new products, services and distribution channels.
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Regulatory News - Financial Services & Regulation
See allIOSCO: Valuing collective investment schemes, strengthening global standards for fund valuation
IOSCO’s report sets out recommendations intended to further enhance the reliability, consistency and transparency of valuation practices across global investment funds It updates and consolidates IOSCO’s earlier principles on valuation for collective investment schemes and hedge funds which were published in 2013 and 2007 respectively. The recommendations focus on: governance and oversight arrangements, including under stressed market conditions; management of conflicts of interest; valuation methodologies; the use and oversight of third-party valuation providers, and transparency, disclosure to investors and record-keeping.
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FCA: Handbook Notice 141
This edition of the Handbook Notice details Instruments passed at FCA boards on 23 April and 28 May 2026. These are: Collective Investment Schemes (Use of Distributed Ledger Technology in Authorised Funds) Instrument 2026/24; Collective Investment Schemes (Direct Dealing) Instrument 2026/25; Consumer Credit (Regulatory Reporting) (Amendment) Instrument 2026/26; Supervision Manual (Amendment) Instrument 2026/27; Technical Standards (European Markets Infrastructure Regulation) (Clearing Thresholds) (Amendment) Instrument 2026/28 (see also second link below), and Short Selling Rules Sourcebook (Administration) Instrument 2026/29.
FCA: PS26/8: Retail Banking Business Models data
Further to CP26/3, FCA has now published feedback and final rules and guidance for the new annual return which is replacing R2B2 data collections. The new rules come into force on 1 June 2026.
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BIS: Enhancing cross-border payments step by step
This CPMI briefing paper presents the findings from the 2025 cross-border payments monitoring survey based on responses from 82 jurisdictions which included questions about the status of and plans for implementing international guidance.
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FCA: Sanctions
FCA has reviewed financial firms’ sanctions systems and controls, highlighting good and poor practices and areas for improvement to support better compliance with sanctions rules. FCA states that firms should consider the findings and examples in this report and continue to review their systems and controls to ensure they comply with both financial and trade sanctions. An accompanying press release notes that, although financial firms have made progress in preventing sanctions breaches, gaps remain. FCA has also announced that it has just signed an MoU with OTSI which sets out the arrangements for cooperation and the sharing of intelligence between the two organisations – text of the MoU appears in the third link below.
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We provide future-facing legal advice to help your organisation thrive. Combining local market knowledge and a global perspective, and with lawyers in locations worldwide, your organisation benefits from the expertise it needs, even across borders.
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