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 all Regulatory News - Financial Services & RegulationFCA: Strong compliance functions support trusted corporate finance markets
This blog by Jamie Whitehorn reports on FCA’s survey of corporate finance firms with regard to their compliance resources and activities. FCA notes gaps in certain areas, including: arrangements for staff to safely raise concerns, keeping breach registers, monitoring complaints, reporting to management and involving compliance in management meetings. A significant number of firms reported not including regulatory compliance in staff performance assessments.
FCA: CP26/35: Fair redemption terms for authorised funds investing in illiquid assets
FCA is consulting on changes to which would apply to non-UCITS retail scheme funds that are predominantly invested in inherently illiquid assets and offer regular liquidity. FCA proposes to: limit the frequency of dealing days (when the fund manager redeems or cancels investors’ units in the fund); introduce minimum notice periods for redemptions (how long the investor must wait between putting in a request to redeem and the fund manager executing the redemption), and align these minimum redemption terms with the long-term asset fund regime. FCA is also proposing to allow all NURS fund managers to introduce similar limited redemption arrangements if they want to, and to amend some of the related rules and to allow LTAF investors to revoke redemption requests during the notice period if the fund manager is satisfied it would not be unfair to other investors. Responses are required by 11 December 2026.
HMT: India-UK Financial Markets Dialogue – joint statement
HMT has published a note of the UK-India Financial Markets Dialogue which took place on 29 September 2026. Topics include: capital markets; insurance and pensions; regulatory cooperation with regard to asset management and sustainable finance; fintech/innovation.
PRA: CP13/26: Updating regulatory thresholds – an autopilot approach
PRA’s CP proposes a transparent, rules-based framework that would automatically update in-scope regulatory thresholds every five years, with the first automatic update for thresholds under this new framework to take place on 1 July 2031. PRA is also seeking feedback on proposals for a further set of thresholds through a discussion paper section of the CP with regard to certain thresholds that operate across or interact with the PRA/FCA framework relating to remuneration, whistleblowing, and SM&CR. Responses are required by 7 February 2027.
FCA: PRISM Taskforce outcomes report
This report sets out the conditions that participants identified as necessary for open finance use cases to develop and scale in practice.
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