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Regulatory Compliance
The impact of FSA regulation on the banking industry has grown significantly in recent years. Our extensive experience advising clients in relation to the Financial Services and Markets Act 2000 (FSMA), the associated statutory instruments and the FSA Handbook complements our retail banking expertise and enables us to provide complete regulatory solutions to our financial services clients.
Most recently we have advised the purchasing bank in its acquisition of over £3 billion of retail deposits under the Banking (Special Provisions) Act 2008 following the collapse of two deposit-holding banks.
We have particular experience in providing advice and representation in the following areas -
- authorisations and permission to conduct regulated activities
- customer and investment transaction documentation
- systems and controls, compliance manuals and procedures
- senior management and approved persons obligations
- financial promotions
- conduct of business
- life-assurance
- managing conflicts of interest
- regulatory capital issues
- training and competence requirements
- outsourcing in the financial services sector
- mortgage and general insurance mediation
- EEA passporting
- acquisition of bank deposit businesses
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